Australia has been asked to reconsider its decision to withdraw support for a multi-billion-dollar Green Climate Fund, as finance has emerged as a key stumbling block to progress in talks in Poland on implementing the Paris Agreement.
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The Australian reports, Environment Minister Melissa Price has arrived in Poland for the final week of negotiations to finalise a rulebook to make the Paris Agreement operational.
The Green Climate Fund is only one part of the $100 billion-a-year finance package, but it has great significance in the UN talks. Australia had previously committed $200 million to the fund but Scott Morrison has said Australia would not provide any more.
The Green Climate Fund was established to provide funds to help developing countries invest in lower carbon emissions technologies and to cope with the impacts of climate change.
The fund has launched its first replenishment round after spending most of the $US10bn it had raised initially. The original funding pool was reduced when the US withdrew $US2bn of its $US3bn initial pledge.
Australia has said it now favours bilateral funding arrangements focused on the Pacific, rather than multilateral funds.
The federal opposition has said it remains committed to the Green Climate Fund.
US President Donald Trump tweeted over the weekend, "The Paris Agreement isn’t working out so well for Paris. Protests and riots all over France. People do not want to pay large sums of money, much to third world countries (that are questionably run), in order to maybe protect the environment. Chanting “We Want Trump!” Love France."
Conservative Party leader Cory Bernardi has told Chris Kenny on Sydney radio station 2GB the whole climate-fest in Poland is a pointless exercise from which Australia will get nothing.
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