Dear U.N.: Coal plants don’t count as climate-friendly projects

Posted: December 8, 2014 in Uncategorized

Grist

One of the ways the U.N. hopes to help developing countries prepare for climate change is through a mechanism called the Green Climate Fund (GCF). In 2009, rich countries pledged to come up with $100 billion a year, by 2020, to help poorer parts of the world get ready to face a problem that they, by and large, didn’t cause.

So far, rich nations have pledged about $10 billion. That’s not nearly enough, and it might end up being even less if countries don’t make good on their pledges (for instance, if Congress succeeds in blocking Obama from delivering the $3 billion the U.S. recently promised).

A healthy portion of the commitments so far have come from Japan. Way to lead, Japan! Right? Well, maybe not so fast. An Associated Press investigation found that around a billion dollars of what Japan had told the U.N. was “climate financing” to poorer nations actually…

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