Missing Money for the Green Climate Fund earns first Fossil from Lima Climate Talks - Fossil of the Day - Dec 1

COP20, Fossil of the Day, Day 1

The first Fossil of the Day in Lima at the UN Climate Talks goes to Australia, Belgium, Ireland, Austria, Iceland, Greece and Portugal for being the only developed countries who have so far failed to contribute to the Green Climate Fund. After a string of encouraging initial contributions, it seems a few free-riders within Annex 2 believe they are off the hook on this one. Their intransigence translates into several billions of dollars missing in the fund’s coffer - that’s money not being spent helping developing countries reduce their pollution and adapt to climate impacts. This is not acceptable and stands to jeopardize the Paris agreement, under which all countries are expected to take action. To the free-riding ministers: Don't forget to sign your check before you land in Lima.

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