Carbonfund.org Blog

Environmental and anti-poverty groups hoping for concrete action were left disappointed by talks at the Group of 20 summit last Friday. Real action seemed to be deferred until the Copenhagen climate conference.

The chief climate concern for the G-20 was how to finance global carbon emission reductions and how to help developing nations with adapting to a warmer world.  Many of the poorest countries stand to lose the most from climate change and they have been requesting funding to assist them in adapting. So far, industrialized countries have been slow to commit to the idea.

Similarly, with poverty, the G-20 failed to mention the $50 billion G-20 leaders pledged to poor countries in April. Less than half of this has been delivered.  According to the End Poverty 2015 Millennium Campaign, the G-20 meetings were a disappointment because the “meetings ended with nothing more than vague commitments to the needs of the world’s poorest represented by the Millennium Development Goals.”

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