ApocaDocs: Climate Funds for Coal Highlight Lack of UN Rules

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Posted Mon Dec 1 2014: from Associated Press:


	Climate Funds for Coal Highlight Lack of UN Rules http://apocadocs.com/s.pl?1417449747 About $1 billion in loans under a U.N. initiative for poor countries to tackle global warming is going toward the construction of power plants fired by coal, the biggest human source of carbon pollution. Japan gave the money to help its companies build three such plants in Indonesia and listed it with the United Nations as climate finance... Japan's coal projects highlight the lack of rules to steer the flow of climate finance from rich to poor countries -- a critical part of U.N. talks on global warming, which resume Monday in Lima, Peru. There is no watchdog agency that ensures the money is spent in the most effective way, and no definition of what climate finance is.

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