Guyana’s President Bharrat Jagdeo has raised the issue of undisbursed climate change funds with Colombian President Juan Manuel Santos and Andris Piebalgs, the European Commissioner from Latvia, both of whom attended the 32nd CARICOM Heads of Government Conference in Basseterre, St Kitts. Jagdeo said he raised the issue from the perspective of the undistributed funds pledged as part of the Copenhagen Accord, under which new and additional, predictable and adequate funding, as well as improved access shall be provided to developing countries to enable and support enhanced action. The accord also allows for developed countries to raise funds of US$30 billion from 2010-2012 of new and additional resources and sets a "goal" for the world to raise US$100 billion per year by 2020, from "a wide variety of sources", to help developing countries cut carbon emissions. New multilateral funding for adaptation is also to be delivered, with a governance structure. Jagdeo said despite this, “The World Bank’s index shows that 10 of the 15 most vulnerable countries to climate change in the world can be found in the Caribbean, yet we have seen very little funds pledged in Copenhagen, and this runs into billions of dollars, flowing to the Caribbean.”
Source: Caribbean News Now!