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December 7, 2012

The World Climate Fund Is an Empty Shell

Dinseh Sharma, India Today


India Today

The Green Climate Fund ( GCF), conceived three years back to help poor countries cope with climate change, remains nothing more than an empty shell. Developed countries were supposed to have mobilised $30 billion (Rs.1,640 billion) for the period 2010- 2012 as 'fast- track finance', as decided at the Copenhagen climate summit. The amount was supposed to be scaled up to $100 billion a year by 2020. But nothing is happening on the finance front.

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TAGGED: poor nations, rich nations, carbon emissions, , Kyoto Protocol, global warming, Doha conference, climate change, Green Climate Fund

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