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Poorest Nations Shortchanged By Billions In Climate Change Pledges
23 February 2009

Acknowledgements: FANRPAN acknowledges worldbank.org as the source of this article: www.worldbank.org


"Developing countrieshave received just 5-10percent of the money promised by rich nations to help them adapt to global warming, a Guardian study has found.

The failure is fostering deep distrust between rich and poor nations and is undermining negotiations on a global climate deal. The world's richest countries have together pledged nearly $18 billon in the past seven years, but despite world leaders' rhetoric that the finance is vital, less than $900 million has been disbursed and long delays are plaguing many funds...." [The Guardian (UK, 2/21)/Factiva]

Deutsche Welleadds that "...According to data collected from the Overseas Development Institute think tank by the Guardian...a dozen highly developed nations, including Germany, Britain, Japan and the US, have pledged a total of $6.1 billion to a pair of World Bank climate investment funds, but no money has yet be flowed into the account books..... The paper said the think tank's data had been confirmed by the UN...." [Deutsche Welle (Germany, 2/21)/Factiva]

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