Wealthy countries warned not to welch on climate change finance to poor countries

maxresdefault-2Wealthy countries should not try to welch on their promise of finance for developing countries to adapt to climate change and should also provide funds for displacement and migration, non-government organisations warned on first day of climate negotiations in Bonn, the last preparatory meeting before the Paris climate summit. Director of International Institute for Environment and Development, Dr Saleemul Huq, part of the Climate Action Network of 950 groups from 100 countries, told a media conference  the obligation of rich countries to provide financial assistance to developing countries had changed in the treaty text to a question of developing countries being ‘eligible’ for finance assistance. “The (treaty) text says countries can be eligible for funding that is a very weasel word from the original framework convention on climate change.

More weasel wording of SDG(Sustainable Development Goal) treaty – Australian officials have suggested changing language on multinational tax evasion and subsidies for “extractive industries” before signing anything. In one paragraph, in which member countries agree to combat tax evasion and reduce opportunities for tax avoidance, Australian officials say they agree to “increase transparency,” but not by “ensuring that all payments to governments from large companies are fully transparent.” So much for dodgy incentives, subsidies and allowing export of profits to tax havens.

>more> RenewEconomy

About groundswellbasscoast

This is on behalf of local climate change group. Material is selected by Bernie McComb and does not necessarily represent opinion of whole group.
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