10 Dec '12, 1pm

Doha Climate Talks Bring $100 Billion Green Climate Fund Into Question

Doha Climate Talks Bring $100 Billion Green Climate Fund Into Question

According to its supporters, the money promised by the GCF is critical to ensure that developing countries have access to the technologies and finance necessary to cut their carbon emissions. But there are many who argue that without implementing strict conditions, the money could be wasted on countries that don’t have acceptable environmental policies in place. According to Bloomberg , the money in the GCF will likely be used for a variety of initiatives throughout developing countries. These initiatives may include cutting back on the use of fossil fuel through the development of wind and solar farms, to developing agricultural equipment that’s a bit more environmentally friendly. In addition to actual receipt of funds, it’s thought that the existence of the GCF may also encourage private-sector investment. At this point in time, much of the decision about the fate of th...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

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