Posts tagged ‘climate finance’

Australia needs to double climate finance for COP26, rejoin Green Climate Fund

Fairer Futures Report

In 2009 wealthy countries committed to raising $100 billion per year of climate finance from 2020. This climate finance commitment was a lynch pin of getting many developing countries on board for the Paris Agreement in 2015. A recent review and report conducted by the OECD found that only $79.6 billion per year has been raised. See John Englart’s September 2021 Blog Post: Australian climate finance falling far short of our fair share, getting worse.

A new Australian report asseses Australia’s responsibility in climate finance and advocates that Australia, at the very least, double its current commitment to $3 billion of climate finance for the current 5 year period of 2020-2025, and rejoin the Green Climate Fund.

Climate Action Moreland Convenor John Englart said, “For doing our fair share on climate finance and solidarity with developing countries, Scott Morrison should announce at the UN Climate talks in Glasgow an initial doubling of Australia’s climate finance commitment to at least $3 billion for 2020 to 2025.

“It is Important that Australia also rejoins the Green Climate Fund to enhance multi-lateral financing of projects for both emissions reduction and climate adaptation and resilience building.”

Scott Morrison withdrew Australia from the Green Climate Fund in a radio interview in October 2018.

(more…)

October 20, 2021 at 2:24 pm 3 comments


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UNFCCC climate conferenceNovember 1, 2021
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This is the current C02 in our atmosphere. We need to get it below 350 for a safe climate.

Current CO2 concentration in the atmosphere

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