Show Us The Money!
No commentsSpeaking at the United Nations Conference on Climate Change in Poznan, Poland, Jamaican meteorologist Jeffery Spooner said he was optimistic that countries like Jamaica could access funding set aside for adaptation projects by the first quarter of next year. Adaptation refers to an adjustment in natural or human systems to a new or changing environment.
The money will come from The Adaptation Fund, a proposal developed to finance projects in developing countries to deal with the effects of global warming. These include rising sea levels and increased frequency and intensity of hurricanes.
The Adaptation Fund will be financed by a 2 per cent levy on developed countries. The Fund is just one of several key issues being thrashed out during the two week conference, which ends on Friday.
