CLIMATE AID CASH UNACCOUNTED FOR
Nov 25th, 2009 by admin
Large sums of money promised to developing countries to tackle climate change aid are unaccounted for, according to the BBC. A BBC investigation has found that it is not possible to verify whether the 410 million US dollars a year pledged by industrialised countries in the 2001 Bonn Declaration has actually been paid or not. The annual payments, due to run until 2008, should have totalled 2.87 billion US dollars. However, the BBC reports that only 260 million US dollars have ever been paid into two United Nations funds earmarked for the purpose. The European Union claims the climate change aid was paid out in bilateral deals, but it has no data to prove it. UN Secretary General Ban Ki-moon has accused industrialised countries of failing to keep their promise.
