The announcement was made at the United Nations climate summit in Azerbaijan. Climate economists say rich countries will need to commit much more money to make a difference.
The Australian Government has committed an additional $50 million to deal with the impact of climate change .The Australian Government has committed an extra $50 million towards a global fund to deal with the loss and damage caused by climate change .
“This builds on our foundational $100 million contribution to the Pacific Resilience Facility, a Pacific-owned facility that will support locally-led, small-scale projects across the Blue Pacific Continent that respond to loss and damage.”Australia is one of the key parties in Baku, co-chairing negotiations on how much rich countries — who are the biggest polluters — should pay poor countries to cope with climate change.
But Dave Sweeney from the Australian Conservation Foundation said that while Australia was taking a leading role on moving to renewable energy domestically, it was not reducing fossil fuel exports, a major contributor to global emissions. “ is a gold coin per Australian. It's 2 bucks per Aussie and $50 million is nowhere near commensurate with the scale of the issue or what's needed abroad, particularly in the Pacific and First Nation Indigenous Australia.”
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