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#greenclimatefund — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #greenclimatefund, aggregated by home.social.

  1. Entwicklungs- und Schwellenländer haben wenig zum Klimawandel beigetragen, sind aber oft besonders stark betroffen. Deshalb haben die Industrienationen beschlossen, den Ländern des Globalen Südens finanziell zu helfen. Klappt das?

    #Klima #GreenClimateFund

    t3n.de/news/klimaschutz-so-sch

  2. Entwicklungs- und Schwellenländer haben wenig zum Klimawandel beigetragen, sind aber oft besonders stark betroffen. Deshalb haben die Industrienationen beschlossen, den Ländern des Globalen Südens finanziell zu helfen. Klappt das?

    #Klima #GreenClimateFund

    t3n.de/news/klimaschutz-so-sch

  3. Entwicklungs- und Schwellenländer haben wenig zum Klimawandel beigetragen, sind aber oft besonders stark betroffen. Deshalb haben die Industrienationen beschlossen, den Ländern des Globalen Südens finanziell zu helfen. Klappt das?

    #Klima #GreenClimateFund

    t3n.de/news/klimaschutz-so-sch

  4. Entwicklungs- und Schwellenländer haben wenig zum Klimawandel beigetragen, sind aber oft besonders stark betroffen. Deshalb haben die Industrienationen beschlossen, den Ländern des Globalen Südens finanziell zu helfen. Klappt das?

    #Klima #GreenClimateFund

    t3n.de/news/klimaschutz-so-sch

  5. Entwicklungs- und Schwellenländer haben wenig zum Klimawandel beigetragen, sind aber oft besonders stark betroffen. Deshalb haben die Industrienationen beschlossen, den Ländern des Globalen Südens finanziell zu helfen. Klappt das?

    #Klima #GreenClimateFund

    t3n.de/news/klimaschutz-so-sch

  6. Der Ex-Bürgermeister von New York und 100Mrd €-reiche Bloomberg will die Finanzierungslücke füllen, die der President Of The United Sadists in die UN Klimakasse gerissen hat.

    rnd.de/politik/us-rueckzug-aus

    Nun geht aber leider aus dem Artikel nicht hervor, wieviel und WELCHE Lücke geschlossen werden soll.
    Ist ursprünglich von der dpa. Und bei der dpa laufen nur "Journalisten" rum, die konsequent klimadoof und stolz drauf sind. Beim RND offenkundig ähnlich.

    Kann mir nicht vorstellen, dass Bloomberg zB die – viel zu niedrigen, aber immerhin mehrere Milliarden $-Zahlungen an den #GreenClimateFund übernehmen will, womit ärmere Länder dann entweder Projekte für Anpassungsmaßnahmen oder Energietransformation finanzieren.
    Mit seinen 100Mrd € könnte er den bisherigen, zu niedrigen, jährlichen US-Beitrag an den GCF ganz allein 30 Jahre lang stemmen und wäre immernoch unverschämt reich.

    Außerdem hat er das Geld derzeit vermutlich bei Blackrock geparkt – und wenn er es denen wegnimmt, bedeutet das auch weniger Investment in Fossile Firmen.

    A girl can dream.

  7. Der Ex-Bürgermeister von New York und 100Mrd €-reiche Bloomberg will die Finanzierungslücke füllen, die der President Of The United Sadists in die UN Klimakasse gerissen hat.

    rnd.de/politik/us-rueckzug-aus

    Nun geht aber leider aus dem Artikel nicht hervor, wieviel und WELCHE Lücke geschlossen werden soll.
    Ist ursprünglich von der dpa. Und bei der dpa laufen nur "Journalisten" rum, die konsequent klimadoof und stolz drauf sind. Beim RND offenkundig ähnlich.

    Kann mir nicht vorstellen, dass Bloomberg zB die – viel zu niedrigen, aber immerhin mehrere Milliarden $-Zahlungen an den #GreenClimateFund übernehmen will, womit ärmere Länder dann entweder Projekte für Anpassungsmaßnahmen oder Energietransformation finanzieren.
    Mit seinen 100Mrd € könnte er den bisherigen, zu niedrigen, jährlichen US-Beitrag an den GCF ganz allein 30 Jahre lang stemmen und wäre immernoch unverschämt reich.

    Außerdem hat er das Geld derzeit vermutlich bei Blackrock geparkt – und wenn er es denen wegnimmt, bedeutet das auch weniger Investment in Fossile Firmen.

    A girl can dream.

  8. Der Ex-Bürgermeister von New York und 100Mrd €-reiche Bloomberg will die Finanzierungslücke füllen, die der President Of The United Sadists in die UN Klimakasse gerissen hat.

    rnd.de/politik/us-rueckzug-aus

    Nun geht aber leider aus dem Artikel nicht hervor, wieviel und WELCHE Lücke geschlossen werden soll.
    Ist ursprünglich von der dpa. Und bei der dpa laufen nur "Journalisten" rum, die konsequent klimadoof und stolz drauf sind. Beim RND offenkundig ähnlich.

    Kann mir nicht vorstellen, dass Bloomberg zB die – viel zu niedrigen, aber immerhin mehrere Milliarden $-Zahlungen an den #GreenClimateFund übernehmen will, womit ärmere Länder dann entweder Projekte für Anpassungsmaßnahmen oder Energietransformation finanzieren.
    Mit seinen 100Mrd € könnte er den bisherigen, zu niedrigen, jährlichen US-Beitrag an den GCF ganz allein 30 Jahre lang stemmen und wäre immernoch unverschämt reich.

    Außerdem hat er das Geld derzeit vermutlich bei Blackrock geparkt – und wenn er es denen wegnimmt, bedeutet das auch weniger Investment in Fossile Firmen.

    A girl can dream.

  9. Der Ex-Bürgermeister von New York und 100Mrd €-reiche Bloomberg will die Finanzierungslücke füllen, die der President Of The United Sadists in die UN Klimakasse gerissen hat.

    rnd.de/politik/us-rueckzug-aus

    Nun geht aber leider aus dem Artikel nicht hervor, wieviel und WELCHE Lücke geschlossen werden soll.
    Ist ursprünglich von der dpa. Und bei der dpa laufen nur "Journalisten" rum, die konsequent klimadoof und stolz drauf sind. Beim RND offenkundig ähnlich.

    Kann mir nicht vorstellen, dass Bloomberg zB die – viel zu niedrigen, aber immerhin mehrere Milliarden $-Zahlungen an den #GreenClimateFund übernehmen will, womit ärmere Länder dann entweder Projekte für Anpassungsmaßnahmen oder Energietransformation finanzieren.
    Mit seinen 100Mrd € könnte er den bisherigen, zu niedrigen, jährlichen US-Beitrag an den GCF ganz allein 30 Jahre lang stemmen und wäre immernoch unverschämt reich.

    Außerdem hat er das Geld derzeit vermutlich bei Blackrock geparkt – und wenn er es denen wegnimmt, bedeutet das auch weniger Investment in Fossile Firmen.

    A girl can dream.

  10. In the table regarding #climatefinance I miss the option "force fossil fuel companies and their shareholders to pay $100bn per year".

    Why is this not on the agenda at all? 2022 brought additional $130bn profits for BigOil. That's a whole year for the recipients of the #GreenClimateFund. As grants, of course.

    BigOIl lied, deceived, and murdered for 40 years. And their shareholders in this turbo capitalist self-destruction-project nodded gracefully. And are still doing it.
    Forcing them to pay these $100bn/a agreed on in Paris does not let them off the hook. They need to be jailed too, all of them. But the money is needed to speed up replacing fossil fuel with renewables.

    carbonbrief.org/bonn-climate-t

  11. In the table regarding #climatefinance I miss the option "force fossil fuel companies and their shareholders to pay $100bn per year".

    Why is this not on the agenda at all? 2022 brought additional $130bn profits for BigOil. That's a whole year for the recipients of the #GreenClimateFund. As grants, of course.

    BigOIl lied, deceived, and murdered for 40 years. And their shareholders in this turbo capitalist self-destruction-project nodded gracefully. And are still doing it.
    Forcing them to pay these $100bn/a agreed on in Paris does not let them off the hook. They need to be jailed too, all of them. But the money is needed to speed up replacing fossil fuel with renewables.

    carbonbrief.org/bonn-climate-t

  12. In the table regarding #climatefinance I miss the option "force fossil fuel companies and their shareholders to pay $100bn per year".

    Why is this not on the agenda at all? 2022 brought additional $130bn profits for BigOil. That's a whole year for the recipients of the #GreenClimateFund. As grants, of course.

    BigOIl lied, deceived, and murdered for 40 years. And their shareholders in this turbo capitalist self-destruction-project nodded gracefully. And are still doing it.
    Forcing them to pay these $100bn/a agreed on in Paris does not let them off the hook. They need to be jailed too, all of them. But the money is needed to speed up replacing fossil fuel with renewables.

    carbonbrief.org/bonn-climate-t

  13. In the table regarding #climatefinance I miss the option "force fossil fuel companies and their shareholders to pay $100bn per year".

    Why is this not on the agenda at all? 2022 brought additional $130bn profits for BigOil. That's a whole year for the recipients of the #GreenClimateFund. As grants, of course.

    BigOIl lied, deceived, and murdered for 40 years. And their shareholders in this turbo capitalist self-destruction-project nodded gracefully. And are still doing it.
    Forcing them to pay these $100bn/a agreed on in Paris does not let them off the hook. They need to be jailed too, all of them. But the money is needed to speed up replacing fossil fuel with renewables.

    carbonbrief.org/bonn-climate-t

  14. And to make up for the last four years of contributing nothing (and even putting aside the many years of failure under the #Coalition between 2013–19 when finances ought to have been ramping up to meet the 2020 goal), #Australia has a backlog of about $AU20b to be seen as anything like a 'fair' contributor to the #GreenClimateFund, remembering that the US$100b/yr represents only a fraction of what the developing world needs to ensure a just and swift transition to a climate-stable future.

    And that's before we consider the #LossAndDamage fund announced a few days ago (another long-term sticking point in #UNFCCC negotiations and a separate piece of international #ClimateFinance), to which Australia has not yet made any kind of pledge.

    Until Australia takes credible steps towards those kinds of figures, Australian government promises ought to be treated by all our neighbours as so much smoke.
    7/8
    #AusPol #ClimatePol

  15. And to make up for the last four years of contributing nothing (and even putting aside the many years of failure under the #Coalition between 2013–19 when finances ought to have been ramping up to meet the 2020 goal), #Australia has a backlog of about $AU20b to be seen as anything like a 'fair' contributor to the #GreenClimateFund, remembering that the US$100b/yr represents only a fraction of what the developing world needs to ensure a just and swift transition to a climate-stable future.

    And that's before we consider the #LossAndDamage fund announced a few days ago (another long-term sticking point in #UNFCCC negotiations and a separate piece of international #ClimateFinance), to which Australia has not yet made any kind of pledge.

    Until Australia takes credible steps towards those kinds of figures, Australian government promises ought to be treated by all our neighbours as so much smoke.
    7/8
    #AusPol #ClimatePol

  16. And to make up for the last four years of contributing nothing (and even putting aside the many years of failure under the #Coalition between 2013–19 when finances ought to have been ramping up to meet the 2020 goal), #Australia has a backlog of about $AU20b to be seen as anything like a 'fair' contributor to the #GreenClimateFund, remembering that the US$100b/yr represents only a fraction of what the developing world needs to ensure a just and swift transition to a climate-stable future.

    And that's before we consider the #LossAndDamage fund announced a few days ago (another long-term sticking point in #UNFCCC negotiations and a separate piece of international #ClimateFinance), to which Australia has not yet made any kind of pledge.

    Until Australia takes credible steps towards those kinds of figures, Australian government promises ought to be treated by all our neighbours as so much smoke.
    7/8
    #AusPol #ClimatePol

  17. And to make up for the last four years of contributing nothing (and even putting aside the many years of failure under the #Coalition between 2013–19 when finances ought to have been ramping up to meet the 2020 goal), #Australia has a backlog of about $AU20b to be seen as anything like a 'fair' contributor to the #GreenClimateFund, remembering that the US$100b/yr represents only a fraction of what the developing world needs to ensure a just and swift transition to a climate-stable future.

    And that's before we consider the #LossAndDamage fund announced a few days ago (another long-term sticking point in #UNFCCC negotiations and a separate piece of international #ClimateFinance), to which Australia has not yet made any kind of pledge.

    Until Australia takes credible steps towards those kinds of figures, Australian government promises ought to be treated by all our neighbours as so much smoke.
    7/8
    #AusPol #ClimatePol

  18. And to make up for the last four years of contributing nothing (and even putting aside the many years of failure under the #Coalition between 2013–19 when finances ought to have been ramping up to meet the 2020 goal), #Australia has a backlog of about $AU20b to be seen as anything like a 'fair' contributor to the #GreenClimateFund, remembering that the US$100b/yr represents only a fraction of what the developing world needs to ensure a just and swift transition to a climate-stable future.

    And that's before we consider the #LossAndDamage fund announced a few days ago (another long-term sticking point in #UNFCCC negotiations and a separate piece of international #ClimateFinance), to which Australia has not yet made any kind of pledge.

    Until Australia takes credible steps towards those kinds of figures, Australian government promises ought to be treated by all our neighbours as so much smoke.
    7/8
    #AusPol #ClimatePol

  19. So, today's announcement by PM #Albanese is at least a re-engagement with the global community on #ClimateFinance after years of #Coalition isolationism. However, it is worth noting that of the AU$150m announced today, only $50m goes to the #GreenClimateFund, with $100m directed towards a different multilateral body, the Pacific Resilience Facility. That's the equivalent of about US$33m, or 0.002% of Australia's #GNI of roughly US$1.6 trillion (2022 figures).

    To be contributing the 0.22% of GNI mentioned earlier, Australia would need to contribute more than one hundred times that much each year (around US$3.5b, or AU$5.3b).
    6/8

    #AusPol

  20. So, today's announcement by PM #Albanese is at least a re-engagement with the global community on #ClimateFinance after years of #Coalition isolationism. However, it is worth noting that of the AU$150m announced today, only $50m goes to the #GreenClimateFund, with $100m directed towards a different multilateral body, the Pacific Resilience Facility. That's the equivalent of about US$33m, or 0.002% of Australia's #GNI of roughly US$1.6 trillion (2022 figures).

    To be contributing the 0.22% of GNI mentioned earlier, Australia would need to contribute more than one hundred times that much each year (around US$3.5b, or AU$5.3b).
    6/8

    #AusPol

  21. So, today's announcement by PM #Albanese is at least a re-engagement with the global community on #ClimateFinance after years of #Coalition isolationism. However, it is worth noting that of the AU$150m announced today, only $50m goes to the #GreenClimateFund, with $100m directed towards a different multilateral body, the Pacific Resilience Facility. That's the equivalent of about US$33m, or 0.002% of Australia's #GNI of roughly US$1.6 trillion (2022 figures).

    To be contributing the 0.22% of GNI mentioned earlier, Australia would need to contribute more than one hundred times that much each year (around US$3.5b, or AU$5.3b).
    6/8

    #AusPol

  22. So, today's announcement by PM #Albanese is at least a re-engagement with the global community on #ClimateFinance after years of #Coalition isolationism. However, it is worth noting that of the AU$150m announced today, only $50m goes to the #GreenClimateFund, with $100m directed towards a different multilateral body, the Pacific Resilience Facility. That's the equivalent of about US$33m, or 0.002% of Australia's #GNI of roughly US$1.6 trillion (2022 figures).

    To be contributing the 0.22% of GNI mentioned earlier, Australia would need to contribute more than one hundred times that much each year (around US$3.5b, or AU$5.3b).
    6/8

    #AusPol

  23. So, today's announcement by PM #Albanese is at least a re-engagement with the global community on #ClimateFinance after years of #Coalition isolationism. However, it is worth noting that of the AU$150m announced today, only $50m goes to the #GreenClimateFund, with $100m directed towards a different multilateral body, the Pacific Resilience Facility. That's the equivalent of about US$33m, or 0.002% of Australia's #GNI of roughly US$1.6 trillion (2022 figures).

    To be contributing the 0.22% of GNI mentioned earlier, Australia would need to contribute more than one hundred times that much each year (around US$3.5b, or AU$5.3b).
    6/8

    #AusPol

  24. When the #GreenClimateFund was being established, Australia's Prime Minister was #TonyAbbott, a #ClimateDenier, who had won the 2013 federal election promising to dismantle the baby steps towards a #ClimatePolicy the previous #Labor government had made.

    So there was little surprise when PM Abbott announced in Nov 2013 that #Australia would be contributing a massive sum of $0 to the Green Climate Fund.

    At the time, he claimed Australia would chip in AU$200m (then =USD$187m) over four years, but since this was merely a rebranding of existing #ForeignAid, it clearly didn't count as "new and additional funding", a fact that most journalists blithely ignored, falling for the bait-and-switch. Or we might say instead that the Australian government was overstating its foreign aid commitments by $200m over those years.

    Nonetheless, the four years were soon gone, as was Tony Abbott, as well as his successor #MalcolmTurnbull, who in turn had been replaced as PM by #ScottMorrison. When it came time to pledge again in 2018, Morrison announced Australia would be pulling out of the Green Climate Fund entirely, a path also taken by the #Trump administration at the time, whom Morrison was often cribbing notes from when it came to what kinds of #cruelty and #selfishness he could get away with.
    5/8

    #AusPol

  25. When the #GreenClimateFund was being established, Australia's Prime Minister was #TonyAbbott, a #ClimateDenier, who had won the 2013 federal election promising to dismantle the baby steps towards a #ClimatePolicy the previous #Labor government had made.

    So there was little surprise when PM Abbott announced in Nov 2013 that #Australia would be contributing a massive sum of $0 to the Green Climate Fund.

    At the time, he claimed Australia would chip in AU$200m (then =USD$187m) over four years, but since this was merely a rebranding of existing #ForeignAid, it clearly didn't count as "new and additional funding", a fact that most journalists blithely ignored, falling for the bait-and-switch. Or we might say instead that the Australian government was overstating its foreign aid commitments by $200m over those years.

    Nonetheless, the four years were soon gone, as was Tony Abbott, as well as his successor #MalcolmTurnbull, who in turn had been replaced as PM by #ScottMorrison. When it came time to pledge again in 2018, Morrison announced Australia would be pulling out of the Green Climate Fund entirely, a path also taken by the #Trump administration at the time, whom Morrison was often cribbing notes from when it came to what kinds of #cruelty and #selfishness he could get away with.
    5/8

    #AusPol

  26. When the #GreenClimateFund was being established, Australia's Prime Minister was #TonyAbbott, a #ClimateDenier, who had won the 2013 federal election promising to dismantle the baby steps towards a #ClimatePolicy the previous #Labor government had made.

    So there was little surprise when PM Abbott announced in Nov 2013 that #Australia would be contributing a massive sum of $0 to the Green Climate Fund.

    At the time, he claimed Australia would chip in AU$200m (then =USD$187m) over four years, but since this was merely a rebranding of existing #ForeignAid, it clearly didn't count as "new and additional funding", a fact that most journalists blithely ignored, falling for the bait-and-switch. Or we might say instead that the Australian government was overstating its foreign aid commitments by $200m over those years.

    Nonetheless, the four years were soon gone, as was Tony Abbott, as well as his successor #MalcolmTurnbull, who in turn had been replaced as PM by #ScottMorrison. When it came time to pledge again in 2018, Morrison announced Australia would be pulling out of the Green Climate Fund entirely, a path also taken by the #Trump administration at the time, whom Morrison was often cribbing notes from when it came to what kinds of #cruelty and #selfishness he could get away with.
    5/8

    #AusPol

  27. When the #GreenClimateFund was being established, Australia's Prime Minister was #TonyAbbott, a #ClimateDenier, who had won the 2013 federal election promising to dismantle the baby steps towards a #ClimatePolicy the previous #Labor government had made.

    So there was little surprise when PM Abbott announced in Nov 2013 that #Australia would be contributing a massive sum of $0 to the Green Climate Fund.

    At the time, he claimed Australia would chip in AU$200m (then =USD$187m) over four years, but since this was merely a rebranding of existing #ForeignAid, it clearly didn't count as "new and additional funding", a fact that most journalists blithely ignored, falling for the bait-and-switch. Or we might say instead that the Australian government was overstating its foreign aid commitments by $200m over those years.

    Nonetheless, the four years were soon gone, as was Tony Abbott, as well as his successor #MalcolmTurnbull, who in turn had been replaced as PM by #ScottMorrison. When it came time to pledge again in 2018, Morrison announced Australia would be pulling out of the Green Climate Fund entirely, a path also taken by the #Trump administration at the time, whom Morrison was often cribbing notes from when it came to what kinds of #cruelty and #selfishness he could get away with.
    5/8

    #AusPol

  28. When the #GreenClimateFund was being established, Australia's Prime Minister was #TonyAbbott, a #ClimateDenier, who had won the 2013 federal election promising to dismantle the baby steps towards a #ClimatePolicy the previous #Labor government had made.

    So there was little surprise when PM Abbott announced in Nov 2013 that #Australia would be contributing a massive sum of $0 to the Green Climate Fund.

    At the time, he claimed Australia would chip in AU$200m (then =USD$187m) over four years, but since this was merely a rebranding of existing #ForeignAid, it clearly didn't count as "new and additional funding", a fact that most journalists blithely ignored, falling for the bait-and-switch. Or we might say instead that the Australian government was overstating its foreign aid commitments by $200m over those years.

    Nonetheless, the four years were soon gone, as was Tony Abbott, as well as his successor #MalcolmTurnbull, who in turn had been replaced as PM by #ScottMorrison. When it came time to pledge again in 2018, Morrison announced Australia would be pulling out of the Green Climate Fund entirely, a path also taken by the #Trump administration at the time, whom Morrison was often cribbing notes from when it came to what kinds of #cruelty and #selfishness he could get away with.
    5/8

    #AusPol

  29. So what's a fair share of the #GreenClimateFund for each wealthy nation to contribute?

    Calculations by the #WorldResourcesInstitute a couple of years ago claimed that a 'fair share' for each wealthy nation that had pledged to contribute would be the equivalent of 0.22% of Gross National Income (#GNI) each year by 2020. The World Resources Institute found that during 2016–2018 (the first three years of the Green Climate Fund), only four countries were actually already meeting or exceeding their fair share of climate finance contributions: #Germany, #Japan, #France and #Luxembourg. #Sweden and #Norway were close (>80%). #Denmark was the only other country over 66%. At the very bottom of the list came the #USA and #Australia.

    For Australia to be making a 0.22% 'fair share' of its (then) roughly US$1.3 trillion GNI, this would amount to around US$2.86b each year (=AU$4.33b). This obviously was not happening. How far short of its pledge had the Coalition government fallen? How much was Australia actually contributing? Even less than the World Resources Institute recorded...
    4/8

  30. So what's a fair share of the #GreenClimateFund for each wealthy nation to contribute?

    Calculations by the #WorldResourcesInstitute a couple of years ago claimed that a 'fair share' for each wealthy nation that had pledged to contribute would be the equivalent of 0.22% of Gross National Income (#GNI) each year by 2020. The World Resources Institute found that during 2016–2018 (the first three years of the Green Climate Fund), only four countries were actually already meeting or exceeding their fair share of climate finance contributions: #Germany, #Japan, #France and #Luxembourg. #Sweden and #Norway were close (>80%). #Denmark was the only other country over 66%. At the very bottom of the list came the #USA and #Australia.

    For Australia to be making a 0.22% 'fair share' of its (then) roughly US$1.3 trillion GNI, this would amount to around US$2.86b each year (=AU$4.33b). This obviously was not happening. How far short of its pledge had the Coalition government fallen? How much was Australia actually contributing? Even less than the World Resources Institute recorded...
    4/8

  31. So what's a fair share of the #GreenClimateFund for each wealthy nation to contribute?

    Calculations by the #WorldResourcesInstitute a couple of years ago claimed that a 'fair share' for each wealthy nation that had pledged to contribute would be the equivalent of 0.22% of Gross National Income (#GNI) each year by 2020. The World Resources Institute found that during 2016–2018 (the first three years of the Green Climate Fund), only four countries were actually already meeting or exceeding their fair share of climate finance contributions: #Germany, #Japan, #France and #Luxembourg. #Sweden and #Norway were close (>80%). #Denmark was the only other country over 66%. At the very bottom of the list came the #USA and #Australia.

    For Australia to be making a 0.22% 'fair share' of its (then) roughly US$1.3 trillion GNI, this would amount to around US$2.86b each year (=AU$4.33b). This obviously was not happening. How far short of its pledge had the Coalition government fallen? How much was Australia actually contributing? Even less than the World Resources Institute recorded...
    4/8

  32. So what's a fair share of the #GreenClimateFund for each wealthy nation to contribute?

    Calculations by the #WorldResourcesInstitute a couple of years ago claimed that a 'fair share' for each wealthy nation that had pledged to contribute would be the equivalent of 0.22% of Gross National Income (#GNI) each year by 2020. The World Resources Institute found that during 2016–2018 (the first three years of the Green Climate Fund), only four countries were actually already meeting or exceeding their fair share of climate finance contributions: #Germany, #Japan, #France and #Luxembourg. #Sweden and #Norway were close (>80%). #Denmark was the only other country over 66%. At the very bottom of the list came the #USA and #Australia.

    For Australia to be making a 0.22% 'fair share' of its (then) roughly US$1.3 trillion GNI, this would amount to around US$2.86b each year (=AU$4.33b). This obviously was not happening. How far short of its pledge had the Coalition government fallen? How much was Australia actually contributing? Even less than the World Resources Institute recorded...
    4/8

  33. So what's a fair share of the #GreenClimateFund for each wealthy nation to contribute?

    Calculations by the #WorldResourcesInstitute a couple of years ago claimed that a 'fair share' for each wealthy nation that had pledged to contribute would be the equivalent of 0.22% of Gross National Income (#GNI) each year by 2020. The World Resources Institute found that during 2016–2018 (the first three years of the Green Climate Fund), only four countries were actually already meeting or exceeding their fair share of climate finance contributions: #Germany, #Japan, #France and #Luxembourg. #Sweden and #Norway were close (>80%). #Denmark was the only other country over 66%. At the very bottom of the list came the #USA and #Australia.

    For Australia to be making a 0.22% 'fair share' of its (then) roughly US$1.3 trillion GNI, this would amount to around US$2.86b each year (=AU$4.33b). This obviously was not happening. How far short of its pledge had the Coalition government fallen? How much was Australia actually contributing? Even less than the World Resources Institute recorded...
    4/8

  34. Over the last ten years, the promise of a #GreenClimateFund has been a big piece of the puzzle when it comes to global climate agreement. Arguably, the #ParisClimateAgreement reached in 2015 and signed by every nation in the world (bar war-torn #Syria) in 2016 was one of the biggest steps forward in international cooperation over a global crisis in the history of humanity (while still being thunderously inadequate to the scale of the #ClimateCrisis). After decades of arguing and partial steps, 2015 was the first time a major agreement had been reached that included all the major polluting nations promising to reduce their carbon emissions towards a goal of at least somewhat #HabitablePlanet

    And the pledge of a US$100bn/yr Green Climate Fund was widely acknowledged in international negotiations as a major enabler of this historic Paris Climate Agreement. Though still far from adequate (some estimates said that to be fair, it really ought to have been five times as large), it was nonetheless a solid first formal step towards recognising the massively unequal responsibilities of various nations when it comes to causing planetary #ClimateDisruption.
    3/8