Mephiticity

Climate cash for poor countries ‘has not materialised’

Posted on: November 25, 2009

via BBC:

Large sums promised to developing countries to help them tackle climate change cannot be accounted for, a BBC investigation has found.

Rich countries pledged $410m (£247m) a year in a 2001 declaration – but it is now unclear whether the money was paid.

UN Secretary General Ban Ki-moon has accused industrialised countries of failing to keep their promise.

The EU says the money was paid out in bilateral deals, but admits it cannot provide data to prove it.

The money was pledged in the 2001 Bonn Declaration, signed by 20 industrialised nations – the 15 countries that then made up the European Union, plus Canada, Iceland, New Zealand, Norway and Switzerland.

They said they would pay $410m per year until 2008 – a total of $1.6bn.

But only $260m has ever been paid into two UN funds earmarked for the purpose, the BBC World Service investigation has found.

“There have been promises which have not been fully materialised. There is an issue of trust,” says Ban Ki-moon.

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