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Early climate aid topped goal, but most not new money study

2013-11-09 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Rich nations delivered as much as $35 billion in "fast-start' climate assistance from 2010 through 2012, aimed at helping poorer countries shift to cleaner development paths and adapt to the impacts of climate change, exceeding their $30 billion commitment, a new report says. But 80 percent of the total was also counted as "overseas development assistance', suggesting that much of the money was not "new and additional' as donor countries had promised, said Smita Nakhooda, a researcher on climate...

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