Sign-Up for Newsletter!
Most Popular This Week
- Members of Congress Declare "Immunity" from Insider Trading Probe
- Afraid to Stoke Populist Ire, Obama Abandons 'Inequality' Rhetoric
- NSA 'Bombshell': Agency Spied on Prominent American Citizens
- Unpatriotic US Corporations Becoming Hot Political Issue That Unites Right and Left
- Kneeling in Fenway Park to the Gods of War
Today's Top News
Powerful Nations Withhold Climate Aid, Trample World's Poor
The global aid group Oxfam says the world's poorest countries are missing out on aid earmarked for climate change programs at the expense of emerging superpowers China, India and Brazil.
Oxfam's analysis finds one-third of international money aimed at climate programs went to the three major emerging nations, while the world's poorest 49 countries got just one-eighth.
The findings come from an Oxfam briefing analysing climate change aid controlled by the Global Environment Facility between 1991 and 2010.
The poorest 49 countries were given $450 million in climate aid out of $3.5 billion available. China, India and Brazil received $1.2 billion between them from the same pool.
Oxfam Australia's climate change adviser, Kelly Dent, said ''poor countries are feeling the worst impacts of climate change but are not getting their fair share of current climate finance". The briefing found just 7.5 per cent of climate change aid helped countries adapt for the impact of climate change, while 83 per cent of climate finance went towards mitigating carbon emissions.
That means only $220 million was spent on national climate change adaptation plans, such as drought-proofing crops, although $2 billion was needed.
Oxfam said climate aid was controlled by 20 funds and programs, but a single entity needed to be set up by United Nations climate negotiations.