Thursday, June 18, 2026
ADVT 
National

Canada's 'Fair Share' On Climate Financing Is $4Billion A Year: Environmental Group

Darpan News Desk The Canadian Press, 23 Oct, 2015 08:00 PM
    OTTAWA — Canada's "fair share" in the global effort to combat climate change includes slashing greenhouse gas emissions by one third over the next decade and sending $4 billion a year to help poorer countries, Climate Action Network Canada said Friday.
     
    The startling appeal comes out of a meeting of developing countries this week in Bonn, Germany, ahead of a United Nations climate summit later this year in Paris.
     
    And it lands as a massive category 5 hurricane, packing historically unprecedented winds up to 325 kilometres per hour, bears down on Mexico, the second monster typhoon in a week.
     
    Prime minister-designate Justin Trudeau is promising a "strong position for Canada" and has invited all the premiers to the UN climate summit COP21 scheduled to begin Nov. 30 in Paris. But the lead-up negotiations among almost 200 international partners suggest there is still a long way to go in hammering out a global consensus on the path forward. 
     
    Pre-summit negotiations wrapped up in Germany on Friday amid acrimony over proposed changes to climate financing models agreed to at the last major climate summit in Copenhagen in 2009. There's a new draft text for Paris, but negotiators now say it will take political will from national leaders or their ministers to bridge the remaining gaps. 
     
    The G77 plus China, a bloc of 134 developing nations, was incensed over the climate financing proposals and talk of sidelining "loss and damage" provisions from the main Paris agreement.
     
    "It's a matter of life and death, so we're dead serious about it," said Joyce Mxakato-Diseko, the chairwoman of the G77 and South Africa's climate envoy, noting climate change "poses an existential risk" to many developing nations.
     
    Recent hurricanes that hit the Philippines and Dominica set those countries back "decades," Mxakato-Diseko said at a news conference in Bonn on Thursday.
     
    While debate persists about the links between hurricanes and climate change, a study released last May in the journal Nature found that wind speeds in tropical cyclones increased from 1984 to 2012, although there were slightly fewer storms than scientists would expect had ocean and land temperatures not increased.
     
    "In a year with greater ocean warmth," the study found, atmospheric changes linked to climate change have been "thought to inhibit overall tropical cyclone occurrences but lead to greater intensities."
     
    American meteorologists are warning of a "potentially catastrophic landfall" as hurricane Patricia slams into southwestern Mexico late Friday, including tourist meccas Acapulco and Puerto Vallarta.
     
    Under previous international agreements, Canada has provided $1.2 billion in total to support climate change action in Africa, Asia and Latin America and the Caribbean. Three quarters of that funding was in the form of loans, however, and Louise Comeau of Climate Action Network Canada says new funding ideally should not burden developing countries.
     
    "While we prefer grants and worry about loans adding debt to developing country loads, I think we can be somewhat open about how this could occur," Comeau said in an email.
     
    "The aim here is to bring to the conversation the scale of what's considered fair. We can then explore how best to get there."
     
    The eye-popping $4 billion annual figure for Canada is not new, but with a new Liberal government in office in Ottawa and Trudeau's talk of greater Canadian ambition on climate action, expectations have been raised.
     
    Mark Jaccard, an environmental economist at Simon Fraser University, said expectations for the Paris conference are becoming over-inflated.
     
    "There is no way that rich countries can get their voters to agree to the kinds of transfers that people are talking about," said Jaccard.
     
    But after years of criticizing the Harper government's environmental record while helping lower orders of government develop policy in a "difficult policy realm," Jaccard said he's going to cut Trudeau's Liberals some slack — "at least for a while."
     
    Chris Ragan, the chair of Canada's Ecofiscal Commission, said in an interview the real work for the new Liberal majority begins after the December conference.
     
    "Whatever takes place in Paris ... ultimately the challenge is you come back home and try to put a policy in place," said Ragan, an economist at McGill University in Montreal.
     
    "We haven't even seen the sketch of policy details from this government, but what we have heard is that (Trudeau) takes the issue seriously and wants to work constructively with the provinces on a path forward," he said.
     
    For Ragan, that's "probably a pretty good sign."

    MORE National ARTICLES

    Canadian Dollar Plunges To Post-recession Low After Central Bank Cuts Key Interest Rate

    Canadian Dollar Plunges To Post-recession Low After Central Bank Cuts Key Interest Rate
    The loonie was down more than a full U.S. cent Wednesday afternoon at levels not seen since March 2009, when Canada was in the midst of a deep recession.

    Canadian Dollar Plunges To Post-recession Low After Central Bank Cuts Key Interest Rate

    Bank Of Canada Cuts Key Rate To 0.5 Per Cent, Slashes Economic Outlook

    Bank Of Canada Cuts Key Rate To 0.5 Per Cent, Slashes Economic Outlook
    The Bank of Canada said its lower outlook for growth was due to three factors: Canadian oil producers cutting their investment plans, slowing growth in China and non-resource exports faltering — a trend it described as "a puzzle that merits further study."

    Bank Of Canada Cuts Key Rate To 0.5 Per Cent, Slashes Economic Outlook

    Alert Raised At UBC's Point Grey Campus As Police Search For Increasingly Brazen Voyeur

    Alert Raised At UBC's Point Grey Campus As Police Search For Increasingly Brazen Voyeur
    VANCOUVER — Women are being warned about a peeping Tom prowling around two dormitories at the University of British Columbia's Point Grey campus in Vancouver.

    Alert Raised At UBC's Point Grey Campus As Police Search For Increasingly Brazen Voyeur

    Victoria, Montreal And Gatineau, Que., Top Cities For Women To Live In Canada

    Victoria, Montreal And Gatineau, Que., Top Cities For Women To Live In Canada
    TORONTO — A new study says life is better for women who live in cities such as Victoria, Gatineau, Que., and Montreal compared to Edmonton, Calgary and Ontario's Waterloo Region.

    Victoria, Montreal And Gatineau, Que., Top Cities For Women To Live In Canada

    B.C. Crash Investigators Successful In International Search For Irish Witnesses

    B.C. Crash Investigators Successful In International Search For Irish Witnesses
    RCMP in British Columbia are praising the power of social media for helping them find three Irish tourists who may have important information about a deadly crash.

    B.C. Crash Investigators Successful In International Search For Irish Witnesses

    Indian American Driving With Suspended License Accused Of Killing 3 People Faces 50 Years In Prison

    Indian American Driving With Suspended License Accused Of Killing 3 People Faces 50 Years In Prison
    An Indian American, accused of driving with suspended license and allegedly killing three people in a New Jersey road accident, faces up to 50 years in prison if convicted on the second degree multiple count charges

    Indian American Driving With Suspended License Accused Of Killing 3 People Faces 50 Years In Prison