‘Fast Start Finance For Climate Change Has Not Even Passed Double Digit'

Environment Ministers of the BASIC bloc — Brazil, South Africa, India and China — who held discussions here over the weekend, warned that this flow of money was the key to the future of climate change negotiations.

At the U.N. climate change summit at Copenhagen in December 2009, rich nations pledged to give $30 billion in “fast start finance" between 2010 and 2012 to help the poorest countries and those most affected by climate change. It was supposed to have been new and additional money meant specifically for small island states, African nations and the least developed countries. Read the full report here.

Source: Priscilla Jebaraj, The Hindu, New Delhi.