climate change

Soros to Give Millions to Save Earth

Billionaire philanthropist, George Soros, has thrown his considerable weight behind campaigns to save the world from the effects of global warming.

Soros plans to launch a Climate Policy Initiative, which he will fund with US$10 million (R74.5 million) a year for 10 years. He will invest up to a further US$1 billion in clean-air technology.

Soros maintains that, “Global warming is a political problem. The science is clear, what is less clear is whether world leaders will demonstrate the political will necessary to solve the problem.”

South Africa Urged to Cuts Emissions

The World Wild Fund (WWF) has urged South Africa to begin cutting carbon emissions today in order to avoid steeper and more disruptive reductions later.

In its proposal for a strict global carbon budget between now and 2050, the WWF says that the country cannot afford to wait until 2030 before cutting emissions.

"The cheapest way of cutting emissions would be to not make certain investment choices, such as building a smelter," says WWF trade and investment adviser, Peet du Plooy.

Rich Nations Urged to Cut Greenhouse Gas Emissions

Poor nations have made serious proposals to combat global warming at climate talks being held in Bangkok and it is time for wealthier countries to step forward with their own commitments to cut greenhouse gas emissions. This is according to the United Nation's (UN) climate.

UN climate chief, Yvo de Boer, says that there is growing frustration from some developing countries that their promises of action have not been met with long-promised financial commitments from rich countries or the acceptance of greater emissions cuts for industrialised countries.

WWF's Plea to World Leaders

The World Wide Fund’s (WWF) Richard Worthington has put President Jacob Zuma and other world leaders on the spot, saying that developing countries have to "rise to the occasion" if the world hopes to counter the rise in global temperatures.

Worthington acknowledged South Africa has set a positive example in international negotiations – but noted the implementation of long term strategies are lacking at national level.

Financial Crisis Threatens Funding For Climate Change

The global financial crisis may lead lead developed countries to withhold funding for climate change, undermining investment in carbon trade in African countries. This is according to delegates at a US climate change conference in December 2008.
 
Carbon markets are regarded as a cheap and possibly profitable measure to fight climate change while helping poor communities with tools to solve poverty without destroying forests.

NGOs Criticise World Bank Over Climate Change Funds

Environmentalists have protested outside the main entrance to the United Nations climate conference in Poznan in an attempt to keep the World Bank from controlling climate change finance.

International Finance Campaigner Karen Orenstein with Friends of the Earth US says: "The World Bank is not a credible institution to play any role in addressing the climate crisis. Its Climate Investment Funds are irreparably flawed and should be shut down."

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