Climate change funds setback

Climate change funds setback

Decisions by Australia, Canada and most recently Japan, to downgrade their efforts over climate change have frustrated nations most affected by global warming. These countries fear others will follow as they rearrange their priorities during the downturn. In the last few days, Japan, the world’s fifth largest greenhouse gas emitter, has slashed its plans to reduce emissions from 25% to just 3.8% on 2005 figures, on the basis that it had to close its nuclear reactors after the 2011 earthquake and tsunami. Australia has sent a clear message at COP19, stating that obligations for new, predictable and reliable climate finance from developed countries are “not realistic” and “not acceptable”, rejecting outright the proposal to establish a new fund to help combat climate change.

This article was written by
Jenn Bowtell

Jen joined PiPP as a research associate in 2013 after working in grassroots community development in Vanuatu for several years. She completed her bachelor of International Studies at RMIT University in 2011.