Developed world failing on climate funds pledge, says Bangladeshi minister

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http://www.guardian.co.uk/environment/2012/jan/02/climate-change-funds-bangladesh-moni

Efforts by developed countries to redistribute promised funds to help poorer parts of the world avoid environmental disasters have been described as "dismal" by the foreign minister of Bangladesh.

Dipu Moni said wealthier nations must begin immediately delivering billions of pounds' worth of aid they have earmarked for climate change projects. "Our achievements – social, economic, environmental – of the past decades will be reversed if [rich countries] take away the funds promised for adapting to climate change," she said in an interview. "The disbursement of the financing has been dismal so far. We are not seeing the funds."

A total of $30bn has been promised by the end of this year but, after three years of delays in channelling promised money, only about $2.4bn has been made available.

Dr Moni said the world's most vulnerable countries were being "marginalised", even while the danger of disasters related to global warming was increasing rapidly. Bangladesh is among countries most at risk from climate change, as its low-lying lands and agriculture-dependent people are already frequently prey to devastating floods and storm surges.

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1. File under N for "No Shit"

Seriously, did anyone think the developed world would make good on any such promises, whatever the economic conditions?

Yeah, I didn't think so . . .