IPPR: UK should pay £20bn into UN climate fund

By Paul Homewood

 

h/t Dennis Ambler

 

image

The UK has made the fifth largest cumulative contribution to climate change, and therefore has a duty to offer more financial support to help poorer countries to decarbonise.

That’s according to think tank the Institute of Public Policy Research (IPPR), which has today released a new report arguing the UK’s foreign policy priority should be helping less developed nations cut their emissions.

It argues that the current way international cooperation is structured is failing to bring about an adequate response to environmental crises.

Ahead of crucial UN climate talks which begin in Madrid on Monday, the IPPR says the UK should commit £20bn to the UN’s Green Climate Fund up to 2030.

https://www.businessgreen.com/bg/news/3084341/uk-should-pay-gbp20-billion-into-uk-climate-fund-ippr?

 

The IPPR report does no clarify whether this £20bn should be in addition to our foreign aid budgets, which is fixed at 0.7% of GDP. But presumably they intend it to be extra money.

Looks like we need to grow another magic money tree!

The IPPR is very much a Labour think tank, even though it pretends to be independent for charitable status.

You have been warned.

via NOT A LOT OF PEOPLE KNOW THAT

https://ift.tt/2rFdNU4

November 29, 2019 at 12:09PM

One thought on “IPPR: UK should pay £20bn into UN climate fund”

Leave a comment