Where is the Finance (WTF) to fill the gap? Here’s one of many answers to that question, the Financial Transaction Tax (FTT).
Finance Working Group
Many developing countries lack the resources to properly address the profound challenges of climate change. For this reason, developed countries have long promised to provide support to help developing countries limit their emissions and adapt to the impacts of climate change. Yet for the most part, the assistance that has been provided to date has been inadequate to meet the challenge. The CAN Finance Group coordinates advocacy and policy work around the need to rapidly scale up support for climate action from developed countries directly, and through new, innovative sources of finance. The group’s main focus is to ensure that sufficient support is available for developing countries to reduce their emissions as required to stay below 2 degrees/1.5 degree temperature rise, and to help countries adapt to climate effects that are already inevitable. Towards this end, the group works to strengthen financial commitments within the UNFCCC and other venues, and to ensure that the Green Climate Fund is an effective and appropriately funded vehicle for delivering climate support to developing countries.
For more information please contact:
Kashmala Kakakhel, WEDO, firstname.lastname@example.org
Lucile Dufour, Réseau Action Climat France, email@example.com
Eddy Pérez, Climate Reality, firstname.lastname@example.org
What: Climate policy experts to brief journalists on developments in the negotiations in Warsaw.
When: 11am CET, Wednesday
Who: Tim Gore, Oxfam, Mohamed Adow, Christian Aid.
Where: COP19 Venue, National Stadium Warsaw, Press Conference Room 2 located on Level -2/Zone E6, right next to Plenary 2.
CAN asks Where's The Finance for climate change at the Warsaw UN climate talks. #WTF
Last year, Doha decided that institutional arrangements ‘such as an international mechanism’ would be established at COP 19. Fulfilling this mandate is the biggest expectation here in Warsaw.
Germany is in the middle of difficult coalition talks following the September elections. Climate policy is one of the areas where there still is no agreement.
In a case of doubling down on a dastardly display, Australia was handed the First Place Fossil of the Day award for an unprecedented fourth time in a row at the Warsaw climate negotiations.
This is getting silly, folks. It's almost like the new Australian Government is trying to compete with Canada for being handed the most fossils in a UNFCCC session.
After their first fossil on Monday for refusing to make any new finance commitments, Australia has today gone even further with their nasty rhetoric, willfully and completely undermining the very concept of climate finance.