The Australian Government’s International Climate Change Adaptation Initiative ($328.2 million, 2008-2013) is addressing high priority adaptation needs in vulnerable countries, focusing on small island developing states and least developed countries.
............................................................ The Gillard Government is party to the UN agreement, which Climate Change Minister Greg Combet entered into in December 2010 at a meeting in Cancun, Mexico. Under this agreement approximately 10 per cent of the Carbon Tax revenues raised from developed nations will go into a Green Climate Fund.
Even when Ms Gillard was denying there would be a Carbon Tax last August, her government had committed to spending $599 million on climate change handouts over the current three-year Budget period, mainly in the Pacific and South-East Asian regions. About $470 million has already been allocated.
Here is exactly where “your” cash is going.
$248 million to the 'International Climate Change Adaptation Initiative' to support adaptation efforts;
$146 million to the 'International Forest Carbon Initiative' to assist developing countries reduce emissions from reducing deforestation and forest degradation in developing countries, known as REDD+;
$131 million to multilateral agencies to assist developing countries mitigation and adaptation efforts;
$38 million delivered through the climate change component of Australia’s contribution to the fifth replenishment of the Global Environment Facility; and
$36 million to other climate change activities in developing countries, including $15 million to 'Climate Change Partnerships for Development'.
