Trudeau pledges $2.65B to help poor countries fight climate change
VALLETTA, Malta – The Canadian government announced Friday at the Commonwealth summit that it will contribute $2.65 billion over the next five years to help developing countries combat climate change.
The new funding amounts to a doubling of Canada’s so-called “fast-start climate financing” for developing nations and comes just days before the United Nations climate change conference starts in Paris on Nov. 30.
Developed countries committed in the Copenhagen accord in 2009 to contribute $100 billion annually by 2020 from various sources to help developing nations deal with climate change mitigation and adaptation.
The more advanced countries are now trying to hammer out a deal for the Paris conference on how to reach the climate-financing goal.
Canada’s new contribution announced Friday will ramp up to $800 million by the year 2020-2021.
The government says Canada’s new funding will help developing countries transition to low-carbon economies that are “sustainable and more resilient.”
The dollars will go to the poorest and most vulnerable countries that need support to respond to climate change, such as small-island developing states, Africa and the least-developed countries.
“We are convinced that Canada should do more to fight climate change,” Foreign Affairs Minister Stéphane Dion told reporters at the Commonwealth summit in Malta.
“The government is committed to making climate change a priority and working with the international community.”
Following the Copenhagen summit in 2009, Canada announced $1.2 billion in fast-start climate financing over three years, up to the year 2012-2013.
Then in 2014, the federal government announced another $300 million to what is known as the Green Climate Fund. The fund is aimed at supporting projects, programs, policies and other activities to address climate change in developing countries.
More than $10 billion US was pledged to the Green Climate Fund in 2014 by developed nations, including the $300 million from Canada. The fund is now operational and the first projects were recently approved.
source: Trudeau pledges $2.65B to help poor countries fight climate change | National Post
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Give a kid a Credit Card who has never had to work a real job in his life... and Trust Fund kid makes sure you're kids don't have a trust fund.
VALLETTA, Malta – The Canadian government announced Friday at the Commonwealth summit that it will contribute $2.65 billion over the next five years to help developing countries combat climate change.
The new funding amounts to a doubling of Canada’s so-called “fast-start climate financing” for developing nations and comes just days before the United Nations climate change conference starts in Paris on Nov. 30.
Developed countries committed in the Copenhagen accord in 2009 to contribute $100 billion annually by 2020 from various sources to help developing nations deal with climate change mitigation and adaptation.
The more advanced countries are now trying to hammer out a deal for the Paris conference on how to reach the climate-financing goal.
Canada’s new contribution announced Friday will ramp up to $800 million by the year 2020-2021.
The government says Canada’s new funding will help developing countries transition to low-carbon economies that are “sustainable and more resilient.”
The dollars will go to the poorest and most vulnerable countries that need support to respond to climate change, such as small-island developing states, Africa and the least-developed countries.
“We are convinced that Canada should do more to fight climate change,” Foreign Affairs Minister Stéphane Dion told reporters at the Commonwealth summit in Malta.
“The government is committed to making climate change a priority and working with the international community.”
Following the Copenhagen summit in 2009, Canada announced $1.2 billion in fast-start climate financing over three years, up to the year 2012-2013.
Then in 2014, the federal government announced another $300 million to what is known as the Green Climate Fund. The fund is aimed at supporting projects, programs, policies and other activities to address climate change in developing countries.
More than $10 billion US was pledged to the Green Climate Fund in 2014 by developed nations, including the $300 million from Canada. The fund is now operational and the first projects were recently approved.
source: Trudeau pledges $2.65B to help poor countries fight climate change | National Post
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Give a kid a Credit Card who has never had to work a real job in his life... and Trust Fund kid makes sure you're kids don't have a trust fund.
