Antinuclear

Australian a leader in Green Climate Fund

Aust, S Africa to lead Green Climate Fund Herald Sun John Heilprin From: AAP August 24, 2012   A NEW global fund on climate change that aims to channel $US100 billion ($A95 billion) a year in aid to poor countries selected
officials from Australia and South Africa as its leaders at its first meeting.

The Green Climate Fund, created as part of a deal struck in December 2011 at the 194-nation climate talks in Durban, South Africa, will be led by Ewen McDonald, deputy head of Australia’s international development agency, and Zaheer Fakir, head of international relations for South Africa’s environment agency, the fund said in a statement on Thursday.

It would receive and distribute $US100 billion that rich nations have
pledged annually by 2020 to help poorer countries adapt to changing
climate conditions and to move toward low-carbon economic growth.

The commitment to provide those billions in climate aid through the
new “green” fund came as part of a hard-fought agreement in Durban
that was meant to set a new course for the global fight against
climate change for the coming decades.

But the agreement did not specify how that money would be mobilised,
and a series of technical decisions on how and where it should be run
and even how it could raise those funds if they were put off for
later….. http://www.heraldsun.com.au/news/breaking-news/aust-s-africa-to-lead-green-climate-fund/story-e6frf7k6-1226457085143

August 24, 2012 - Posted by Christina Macpherson | General News