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Fund obstacles threaten global warming

29 Aug 2018

Former United Nations secretary general Ban Ki-moon says inadequate funding is hampering the UN’s flagship Green Climate Fund created to help poor nations combat the effects of climate change. Ban told Reuters that decisions by United States President Donald Trump to withdraw America from the 2015 Paris Agreement on global warming and abandon US pledges on climate finance have largely crippled global commitments on the same. “I am deeply concerned that the GCF, while it has been really trying to work, has not been fully funded. With the US pullout of this climate agreement, we are not sure whether $100 billion by 2020 will be met,” he said. Among others, the GCF initially apprived to channel a substantial portion of the annual $100 billion (about K73 trillion) wealthy nations had pledged to mobilise by 2020 for developing nations, including Malawi, to curb carbon emissions and cushion the impacts of climate change. Natural Resources, Energy and Mines Minister Aggrey Masi recently urged Malawians to embrace climate adaptation as a key for sustainable development. He told Malawi News Agency Malawi’s inaction could cost the nation five percent of the gross domestic product per year. Masi said: “In Malawi climate change affects more than 84 percent of people who depend on rain-fed agriculture and other natural resource-based livelihoods. This, therefore, calls for urgend and immediate adaptation action to achieve resilience.”








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