A new initiative under the Paris Climate Change Agreement to provide financial support for countries in meeting the agreement’s strict new reporting requirements is taking shape, with the first pledges made.
The strength of the new, universal climate change agreement is largely based on its robust transparency and accounting system, which will provide clarity on the actions countries are taking toward their goals, with flexibility for their differing capabilities.
Pledges of funding have come from the United Kingdom (USD 14.4million), Canada (USD 5 million) and the USA (USD 15 million over the next three years, subject to appropriations.) New Zealand has also announced an intention to pledge. Read more (via namanews.org)