Wednesday, December 3, 2014

Japan Wins the Fossil Award for Direct Support of Fossil Fuels

 In 2009, 30 billion dollars was promised for climate finance, with much of that coming from Japan. In a review of over 300 projects that came out of that initiative, only Japan provided direct support for coal plants in Indonesia. (The argument is that they were 'cleaner' coal plants.) It may seem intuitive that the funds were meant for clean energy, but this incident has highlighted the need for clearer rules and definitions regarding the Green Climate Fund.   

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