Pressure for New Funds Fills Climate Change Talks

Climate change campaigners are urging developed countries to provide new and additional climate change financing instead of diverting cash from existing aid budgets, Reuters reports.

The call is in line with the Copenhagen Accord, which prompted developed countries to fast-start “new and additional funds” of USD30 billion by 2012 to help developing countries combat climate change. However, most governments merely recycle funds from existing official development assistance, according to Jamie Drummond, executive director of anti-poverty group ONE. As a result, climate change advocates push for more transparency on what should count as real climate change funding.

About the author

  • Chiden Balmes

    Chiden, a correspondent based in Seoul, focuses on computer-assisted reporting to provide international development professionals with practical business and career information. He also contributes to the Development Newswire and the Global Development Briefing, two of the world's highest-circulation development publications.