The Abbott and Turnbull governments provided $200 million before Scott Morrison announced he would no longer “tip money into that big climate fund”.
Australia will rejoin the world’s major global climate finance fund, reversing a Morrison government decision to withdraw from the United Nations initiative.
Foreign Minister Penny Wong announced on Thursday morning that Australia would rejoin the fund and announce a “modest contribution” before the end of the year. “At the same time, Australia is supporting the Pacific’s transition to renewable energy and is helping countries build climate resilience.”, released last month, described the fund as “a linchpin for global climate solidarity between rich and developing countries”, but noted it has “struggled to define its role in an increasingly crowded climate finance landscape” and was “seen as slow and difficult to work with, especially for the most vulnerable countries”.
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