Oxfam Canada today urged the federal government to help ensure the Green Climate Fund, aimed at helping poor countries cope with climate change, is launched with long-term financial commitments in the final deal in Durban Friday.
Mark Fried, policy coordinator at Oxfam Canada said: “The poor communities where Oxfam works are reeling from the effects of climate change. They need help now. Environment Minister Peter Kent must help get the new Green Climate Fund up and running before current financing runs out at the end of 2012. That means approving reliable sources of revenue so the Fund is not an empty shell.”
Governments have pledged to mobilize $100 billion per year by 2020 for the Green Climate Fund. In the final countdown to a climate deal in Durban, at least one concrete long-term source of financing remains in the negotiating text: a tax on carbon emissions from international shipping.
“A maritime tax would serve as an incentive to cut greenhouse gas emissions from ships and generate up to $25 billion annually in revenue,” Fried added. “That could mean the difference between life and death in vulnerable communities.”
During the negotiations, Oxfam, WWF and the International Chamber of Shipping jointly endorsed the possibility of a compensation mechanism for developing countries and called on governments to provide the signals needed to expedite an agreement on shipping emissions at the International Maritime Organization.
– 30 –
For further information: