organization:green climate fund

  • ANALYSIS-Nicaragua climate politics in hot water over canal plan
    http://af.reuters.com/article/africaTech/idAFL5N1NC4S4

    Shaking off its climate change “pariah” status alongside the United States and war-torn Syria, Central American nation Nicaragua took the plunge and joined the Paris Agreement to tackle global warming before U.N. climate talks began on Monday.

    But environmentalists say Nicaragua’s lecturing of big polluters and ambitious renewable energy goals contrast with its slack environmental protection and a controversial plan to carve out a $50 billion Chinese-backed shipping canal from coast to coast with potentially severe impacts.

    The government talks a lot about respect for ‘Mother Earth’ and care of the environment. But that is just political rhetoric - in practice, the government is too lenient on environmental contamination,” said Jorge Huete-Pérez, University of Central America professor and vice president of Nicaragua’s Academy of Sciences.

    In 2015, Nicaragua was the only one of about 195 countries to reject outright the Paris deal, which it deemed too weak to keep global temperature rise below 2 degrees Celsius above pre-industrial times, as well as unfair for holding poorer nations to account in the same way as developed countries.
    […]
    The decision by President Daniel Ortega, a former Marxist guerrilla leader, to join the Paris Agreement could help funnel more cash into green energy and other development projects in Nicaragua which once received subsidised Venezuelan oil.

    Lauded by the World Bank as a “renewable energy paradise”, Nicaragua generates over 50 percent of its power from geothermal, wind and other clean sources, with plans to reach 90 percent.

    Raul Delgado, lead climate change specialist at the Inter-American Development Bank, said joining the Paris accord could open the door for Nicaragua to access money from the Green Climate Fund and other international pots. “It’s a good time for them to join,” he added.

    Some said the timing fits with the expected appointment next year of Nicaragua’s chief climate negotiator Paul Oquist to the influential co-chair position at the multi-billion-dollar Green Climate Fund, where he is now an alternate board member.

    Je ne me prononce pas sur le bien-fondé des contestations écologiques, mais une chose est sûre, les opposants écologistes à un canal chinois en Amérique centrale ne devraient pas avoir trop de mal à trouver des financements…

  • Climate change: two funds, same money, by Deganit Perez
    http://mondediplo.com/blogs/climate-change-two-funds-same-money?var_mode=calcul

    The United Nations has managed to raise $10 billion to address climate change; that should make it possible to help the developing world reduce its impact and adapt to new environmental conditions.

    But the U.N. pot - known as the Green Climate Fund - is now facing competition from a similar fund at the World Bank. The Climate Investment Fund was only meant to act as an interim trustee, administering money earmarked to combat climate change while the U.N.’s fund got underway. [#st]

    http://zinc.mondediplo.net/messages/7653 via Le Monde diplomatique

  • Key role urged on central banks in climate fight - Climate News Network

    http://www.climatenewsnetwork.net/key-role-urged-on-central-banks-in-climate-fight

    By Kieran Cooke

    In the aftermath of the 2008/9 global financial crisis central banks around the world pumped billions of dollars into the monetary system to safeguard the world economy. Now they are being asked to do so again – to tackle climate change.

    LONDON, 21 April, 2015 – The Green Climate Fund (GCF) – set up in 2010 under UN auspices with the aim of channelling funds to developing countries to fight climate change – is having a hard time of it.

    #climat #banques

  • Le Fonds vert pour le climat récolte 9,3 milliards de dollars
    http://www.lemonde.fr/planete/article/2014/11/20/le-fonds-vert-pour-le-climat-recolte-9-3-milliards-de-dollars_4526723_3244.h

    Après quatre années de gestation, le #Fonds_vert_pour_le_climat, promis par les pays industrialisés lors de la conférence de Copenhague en 2009 afin d’aider les pays pauvres à lutter contre le réchauffement climatique, va enfin être doté de moyens. Vingt et un pays se sont engagés à verser 9,3 milliards de dollars (7,4 milliards d’euros) lors de la première réunion de capitalisation du fonds, jeudi 20 novembre, à Berlin.

    [...] Les 10 milliards visés pour cette première capitalisation à laquelle étaient appelés en priorité les pays riches sont presque atteints.

    [...] Ces montants seront accordés sous forme de dons ou de prêts sur une période de quatre ans (2015-2018). Le Canada et l’Australie ont en revanche décidé de ne pas ouvrir leur porte-monnaie.

    [...] Si l’étape berlinoise permet de commencer à donner forme aux promesses faites à Copenhague, il reste du chemin à parcourir pour atteindre les 100 milliards de dollars par an d’ici 2020 annoncés en 2009.

    #climat

    • US and Japan miss deadline on cash for UN green climate fund
      http://www.reuters.com/article/2015/04/30/climatechange-finance-un-idUSL8N0XP50D20150430

      The Green Climate Fund (GCF), which wants to decide on a first set of projects to aid developing nations before a Paris U.N. climate summit in December, said donors had signed deals of almost $4 billion, 42 percent of a total promised in late 2014.

      The signed deals, which lay out a firm timetable for when promised money will be paid, are below the minimum level set by donors, of 50 percent of the total by April 30, to start full operations by the GCF.

      [...]

      Top donors the United States, which promised $3 billion, and Japan, on $1.5 billion, were not among nations that have signed deals, according to a GCF overview. Cheikhrouhou said no new deals were expected later on Thursday.

      [...]

      [The Fund] has not ruled out funding fossil fuels, if they help towards cleaner energy use.

      The Fund raised $9.35 billion at a pledging conference in November but new cash promised since then, including by Australia, has raised the pledged total to $10.2 billion.

      [...]

      The GCF is meant as one of the main avenues of a 2009 deal to mobilise $100 billion a year in aid to developing nations, from public and private sources, to help combat climate change.

      Bref, c’est bien parti.

  • Nepal: Activists want the World Bank out from the Green Climate Fund | Social Watch
    http://www.socialwatch.org/node/13798

    The Nepalese Campaign for Climate Justice Network (CCJN) and other groups organized a demonstration on Oct. 12 near the office of the World Bank in Kathmandu against the role of that international financial institution in the Green Climate Fund.

    The Network is made up by the South Asia Alliance for Poverty Eradication, Rural Reconstruction Nepal (RRN, focal point of Social Watch in that country), All Nepal Peasants’ Federation, General Federation of Nepalese Trade Unions, All Nepal Women Association, National Alliance for Human Rights and Social Justice-Nepal, and Jagaran Nepal.

    The promoters of the demonstration carried signs that read “stop World Bank climate business”, “no to private funds for profit” and “our climate, not your business”.

    #climat #Banque_mondiale #CCJN