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GLOBAL: A dollar more for climate change adaptation, a dollar less for health
The decision by the Group of Eight (G8) countries to divert money from their Overseas Development Assistance (ODA) funds to help poor countries adapt to climate change has been slammed.
JOHANNESBURG, 9 July 2008 (IRIN) - The eight industrialised countries have also come under fire for failing to fix short- and medium-term targets to cut dangerous greenhouse gas emissions, which scientists say are warming up the planet.
"This [diversion of ODA funds] is terrible news - every ODA dollar diverted towards climate adaptation would mean a dollar less for health and education [programmes] in developing countries," Antonio Hill, senior policy advisor at Oxfam, the UK-based development agency, told IRIN.
The G8 countries met this week in Hokkaido, Japan, where they pledged US$6 billion as part of their ODA to new Climate Investment Funds (CIFs), which is to comprise two funds: one to help provide clean technology, the other to build adaptive capacity in poor countries. Both funds will be managed by the World Bank.
Read the full article here http://www.irinnews.org/Report.aspx?ReportId=79164
