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Australia will not replenish the Green Climate Fund
4:30 pm GMT+12, 13/08/2019, Tuvalu

Australia has indicated it will not replenish its contributions to the Green Climate Fund, but would rather deliver its own interventions on the issue in the region.
 
Minister for International Development and the Pacific, Alex Hawke, said this yesterday during a conference held in Tuvalu.
 
He outlined the issues surrounding the fund centre around the flow of its financial contribution trickling to the regions at a pace that is not keeping up with the urgency of the plight experienced by members of the forum.
 
“This is the issue that we had some mixed signals on. I think we heard some countries about the flow of money from the Green Climate Fund.
 
“One of the concerns is that it doesn’t flow fast enough. That was the tenor of many of the discussions. 
 
“We would encourage that money to flow to Pacific Island countries and make sure those projects are delivered,” Hawke pointed out.
 
Most of which also centres around the fund’s stringent and complicated process that hinders delivery of vital projects.
 
A comment that was both for and against in the released declaration for Small Island Developing States (SIDS) with it welcoming the Green Climate Fund and its efforts in the region with the call for replenishment of the fund, which Australia last contributed $200 million (US$135 million) to the fund.
 
“But as you know Australia in this region is here all the time, this is our Pacific family,” Hawke pointed out.
 
“These are our friends, our neighbours. We work with countries all the time to deliver projects and we think we have got a very good track record of partnering what Pacific island countries need and making sure all those things are done.
 
“When we provided $200 million(US$135 million) for the Green Climate Fund, it was provided that money.
 
“When we put forward $500 million(US$339 million) as we will, that money will be spent on climate adaptation and resilience and it will be spent well.
 
“We are good partners in the Pacific and we will not replenish that fund…as mentioned, obviously we think we can on a bilateral level and on a local level we are listening to our neighbours in our backyard to do more ourselves,” he said.


SOURCE: POST COURIER/PACNEWS


 


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