"Rich Nations Say On Track With $30 Billion Climate Aid"

"Earthquake-hit Japan and many other rich nations are reaffirming pledges to give $30 billion from 2010-12 to help poor nations fight climate change despite budget cuts, a Reuters survey showed on Wednesday.

Climate aid has totaled $16.2 billion since January 2010, according to submissions to the United Nations by a May deadline. Poor nations have said much of the cash is from existing programs and is not new as promised.

Donors were led by Japan, the European Union and the United States. Spending includes projects such as an Australian plan to help the Solomon Islands slow coastal erosion and investments by Tokyo in Africa to promote solar energy."

Alister Doyle and Gerard Wynn report for Reuters June 2, 2011.

SEE ALSO:

"Mayors Reach Climate Deal With World Bank" (AFP)

"Poor Nations Urged To Reform To Win Climate Funds" (Reuters)

Friday, June 3, 2011