Posts by category: Funding and losses

Climate Change Finance to developing countries is hocus-pocus (countries without Climate Debt stand almost empty-handed)

Climate Change Finance to developing countries is hocus-pocus (countries without Climate Debt stand almost empty-handed)

2018

The moral bottom line of the ‘Copenhagen Accord‘ promise is this: Rich countries must increase Climate Change Finance with new and additional money to developing countries from zero in 2009 to $100 billion by 2020. If this had happened gradually, then about $73 billion would have been delivered in 2017.

Oxfam‘ claims that the taxpayer-funded finance from rich countries to developing countries in 2015-16 was about $48 billion, or nearly half the amount promised for 2020. However, according to ‘Brookings‘ an earlier OECD-CPI report claims that as much as $62 billion was delivered back in 2014 – while India on the other hand claims that “only $2.2 billion could rigorously be defended as meeting the promise in Copenhagen” (COP15, 2009). Apparently, many flows counted by the OECD-CPI should not have been counted, flows such as “market-based loans counted at the full amounts, and export credits.” In other words, the confusion and dishonesty seem to be considerable.

/ Read Article /
Share of global Climate Debt rank 88th, 89th and 90th: Papua New Guinea, Guatemala, Tonga (combined responsible for 0.001% of Climate Debt and 0.078% of Fossil CO2 Emissions 2016)

Share of global Climate Debt rank 88th, 89th and 90th: Papua New Guinea, Guatemala, Tonga (combined responsible for 0.001% of Climate Debt and 0.078% of Fossil CO2 Emissions 2016)

2018

The diagram below shows ‘Share of global Climate Debt‘ in 2010, 2015 and 2017 of Papua New Guinea, Guatemala and Tonga (ranked 88th, 89th and 90th). All three countries had zero Climate Debt in 2010, Tonga even in 2015.

/ Read Article /
Share of global Climate Debt rank 85th, 86th, and 87th: Honduras, Guyana and Bolivia (combined responsible for 0.006% of Climate Debt and 0.090% of Fossil CO2 Emissions 2016)

Share of global Climate Debt rank 85th, 86th, and 87th: Honduras, Guyana and Bolivia (combined responsible for 0.006% of Climate Debt and 0.090% of Fossil CO2 Emissions 2016)

2018

The diagram below shows ‘Share of global Climate Debt‘ in 2010, 2015 and 2017 of Honduras, Guyana and Bolivia (ranked 85th, 86th, and 87th). The share of Honduras decreased significantly during the period. The global Climate Debt accumulated since 2000 is $7.2 Trillion.

/ Read Article /
Share of global Climate Debt rank 82nd, 83rd, and 84st: Jamaica, Suriname and Barbados (combined responsible for 0.01% of Climate Debt and 0.04% of Fossil CO2 Emissions 2016)

Share of global Climate Debt rank 82nd, 83rd, and 84st: Jamaica, Suriname and Barbados (combined responsible for 0.01% of Climate Debt and 0.04% of Fossil CO2 Emissions 2016)

2018

The diagram below shows ‘Share of global Climate Debt‘ in 2010, 2015 and 2017 of Jamaica, Suriname and Barbados (ranked 82nd, 83rd, and 84st). The accumulated global Climate Debt is $7.2 Trillion.

/ Read Article /
Share of global Climate Debt rank 79th, 80th, and 81st: Macedonia, Botswana and Mauritius (combined responsible for 0.02% of Climate Debt and 0.05% of Fossil CO2 Emissions 2016)

Share of global Climate Debt rank 79th, 80th, and 81st: Macedonia, Botswana and Mauritius (combined responsible for 0.02% of Climate Debt and 0.05% of Fossil CO2 Emissions 2016)

2018

The diagram below shows ‘Share of global Climate Debt‘ in 2010, 2015 and 2017 of Macedonia, Botswana and Mauritius (ranked 79th, 80th, and 81st). The global Climate Debt, accumulated since 2000, is $7.2 Trillion.

/ Read Article /
Share of global Climate Debt rank 76th, 77th and 78th: Tunisia, Bahamas and Jordan (combined responsible for 0.03% of Climate Debt and 0.16% of Fossil CO2 Emissions 2016)

Share of global Climate Debt rank 76th, 77th and 78th: Tunisia, Bahamas and Jordan (combined responsible for 0.03% of Climate Debt and 0.16% of Fossil CO2 Emissions 2016)

2018

The diagram below shows ‘Share of global Climate Debt‘ in 2010, 2015 and 2017 of Tunisia, Bahamas and Jordan (ranked 76th, 77th and 78th). The share of Tunisia is continuously declining, whereas the shares of Bahamas and Jordan are uneven.

/ Read Article /
Share of global Climate Debt rank 73rd, 74th and 75th: Vietnam, Mongolia and Gabon (combined responsible for 0.04% of Climate Debt and 0.64% of Fossil CO2 Emissions 2016)

Share of global Climate Debt rank 73rd, 74th and 75th: Vietnam, Mongolia and Gabon (combined responsible for 0.04% of Climate Debt and 0.64% of Fossil CO2 Emissions 2016)

2018

The diagram below shows ‘Share of global Climate Debt‘ in 2010, 2015 and 2017 of Vietnam, Mongolia and Gabon (ranked 73rd, 74th and 75th). The shares of Vietnam and Mongolia are both growing continuously. Vietnam and Gabon had zero Climate Debt in 2010.

/ Read Article /