Developed World Failing on Climate Funds Pledge: Bangladeshi Minister

"Efforts by developed countries to redistribute promised funds to help poorer parts of the world avoid environmental disasters have been described as 'dismal' by the foreign minister of Bangladesh."



"Dipu Moni said wealthier nations must begin immediately delivering the billions of pounds' worth of aid they have earmarked for climate change projects. 'Our achievements – social, economic, environmental – of the past decades will be reversed if [rich countries] take away the funds promised for adapting to climate change,' she said in an interview. 'The disbursement of the financing has been dismal so far. We are not seeing the funds.'

A total of $30bn has been promised by the end of this year but, after three years of delays in channelling promised money, only $2.4bn has been made available."

Fiona Harvey reports for the Guardian January 2, 2012.
Source: Guardian, 01/03/2012