Soros shows ambition is possible on climate financing

On George Soros’ announcement today of a plan for $100b in international climate change relief:

Robert Bailey, Oxfam International’s Senior Climate Advisor said:

“Finally someone is showing the kind of innovative thinking needed to make this deal worth its salt.  Soros’ proposal shows exactly the kind of ambition and urgency we need to see from rich country governments themselves. These kinds of long-term public resources are desperately needed so that poor countries can count on regular, and large payments to help them fight climate change.”

“All we’ve heard from rich nations so far is vague and evasive whispers, when the fact of the matter is, there is still not a penny of long-term finance on the table to help poor countries cope with climate change.

“Poor countries will need at least 100 billion a year by 2020 to adapt to the ravages of climate change.  With just one week to go, its time for governments to stop sidestepping climate finance and put their money where their mouth is.”

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