Currently browsing the tag Finance:
Cameroon Refused Access to Climate Funds
No commentsCameroon will not benefit from funds being raised to combat the adverse effects of global warming. Cameroon’s exclusion from eligibility for a share of the US $30 bn (about 16 trillion FCFA) likely to be available is because it has not signed the Copenhagen Accord agreed late last year at the UN climate summit.
»COP15 fails to seal a global climate deal
No commentsAll the Danish efforts to sell Copenhagen as the city of hope was not enough to guarantee a global deal at the end of the UN Climate Change Conference, billed by many as event of the century.
»G77 rejects EU’s $2.1bn for climate funding
No commentsThe Group of 77 countries turns down the EU’s climate funding proposal, saying that the financing is insignificant.
»Money still absent says Brazil
No commentsQuoting the COP 15 president that said on Monday ‘no money, no deal’, the chief negotiator of the Brazilian delegation, ambassador Luiz Alberto Figueiredo Machado, said the finance help from rich to poor countries is too small and without any real commitment, which is still an obstacle to getting a climate deal.
»Adaptation becomes hard to adapt in climate summit
No commentsOfficials and experts say negotiations on climate adaptation have become ever more complicated, leaving least developing badly frutrated as they badly need funds to cope with inevitable impacts of climate change .
»Secretary General requests Nepal to play positive role
No commentsAs the difference between develooped and developing countries deepen over who should make how much carbon cuts, UN Secretary General Ban Ki Moon requestes Nepalese Prime Minster Madhav Kumar Nepal to play positive role in negotiations.
»Climate Of Mistrust
No commentsWith economy — and not the environment – as the main agenda, Copenhagen summit deepens distrust between the north and the south.
»Fight to control Copenhagen climate change fund
No commentsDeveloping and developed countries cross swords over who should have the control over the fund to fight climate change. While the US is for WB taking up the managerial role and European countries are supporting existing agencies including bilateral ones, developing countries want the new fund under the authority of Conference of Parties.
»Nigerian Climate VIPs Preach Sustainability
No commentsNigerians are using the Copenhagen climate summit to highlight how they can tap the potential for sustainable economic development in the country.
»Africa Seeks $30bn To Remedy Effect
No commentsThe Africa Group is seeking short and long-term funding to tackle environmental damages as a result of a changing global climate.
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