Thursday, September 29, 2011

Reuters: Climate fund could surpass lending by the World Bank, but there's one problem: the fund has no money

COLUMN-Climate aid progress may end Kyoto rancour -Gerard Wynn - AlertNet
LONDON, Sept 29 (Reuters) - U.N. climate talks resume in Panama next week but expect more action in Cape Town 10 days later, where an informal panel will quietly agree the outlines of a climate fund which could surpass lending by the World Bank.

Climate investors are taking an interest in the fund, which has no money, reflecting the fate of a shrinking market in carbon offsets which is now a rump of its size four years ago.

1 comment:

Anonymous said...

Of course it has no money, climate change is dead and the Cancun agreements are not binding. Duh, no money.