Science, Technology & Environment

The UK Donates £720m To The UN’s Green Climate Fund

The UK Donates £720m To The UN’s Green Climate Fund
December 18th, 2014
Author: Economic Voice Staff

Energy Secretary, Ed Davey, recently announced plans to donate £720m [1] to the UN’s international fund, set-up to help poorer countries cope with the devastating effects of climate change. As climate change will impact the whole globe, if any country chooses isolation from climate change initiatives, it would be a self-defeating move – this is everyone’s problem and it’s important to tackle it in unison.

A Large Sum Of Cash

The UK has donated more than even France and Germany, in this contribution to the UN Green Climate Fund, which hopes to raise £8bn in funds. Only the US and Japan have donated more. This has likely made David Cameron nervous, in the face of losing more seats to the far-right party, UKIP. Climate change is set to affect businesses, food resources, and health in the future, and with so much at stake, it’s important that the UK becomes a part of the solution, rather than worrying about political far-right popularity.

A United Front Against Climate Change

With low-lying nations struggling with rising sea levels and crop failure, dealing with the effects of climate change has become imperative for saving lives and livelihoods. When Ed Davey was asked why the UK was going above and beyond expectations (in terms of monetary donation), he said that it was a bid to convince others to contribute. For example, Australia has refused to donate, as they are led by climate sceptic, Tony Abbott.

EU leaders have come to a recent agreement to cut greenhouse gas emissions by 40% by 2030, which is showing a relieving interest in tackling climate change across the board. Of course, it’s important for small changes in individual energy and resource waste to occur (Online Pump Supplies recently highlighted the UK’s slapdash approach to water wastage), but it’s these large scale commitments that will make a huge difference.

Australia Is Letting The Team Down On Climate Change

Stormcloud (PD)South Australia is thought to be the most usable state for solar and wind investment at the moment, but has come under recent scrutiny, as Victoria plans to scrap its renewable energy target. New South Wales has the largest emissions of any state/territory (148.9m tonnes a year), but it also has the lowest investment in renewables. Victoria is responsible for almost a quarter of Australia’s total emissions and sources more than 90% of its energy from non-renewable coal-fired power, which highly pollutes the climate.

Even though Victoria has the largest windfarm in the whole country, restrictive rules stop turbines from being places even remotely close to an Australian home. Wind turbines are also completely prohibited from certain regions. The Climate Council is accusing Victoria and New South Wales of backpedalling on renewable energy; when you can build a coal mine closer to a house than a wind turbine, that pretty much says it all.

[1] www.greenwisebusiness.co.uk/news/uk-to-donate-720m-to-uns-green-climate-fund-4508.aspx

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