Festerfeet
Member
There seems to be some confusion as to what the climate fund is when it was first proposed and its part in the Paris Accord. If you look at the history you may find that there was a reason why China did not commit to paying in immediately.
It was because it had already committed to pay 20b yuan into the South South Climate Cooperation fund. At the time (exchange rates have since moved a bit) this was worth 3.2b USD. It is widely known that the reason that Obama committed, what was it again ...oh yes, 3.2b USD to the climate fund prior to the Paris accord was to match China's previously announced payment.
So far China has released over 1.4b USD equivalent to this fund with an intention to release the rest in tranches between now and 2020.
There may be much to criticise the Chinese government about but they are convinced that they need to solve the pollution problem in China and will have to take an increasingly important role in helping with the world with climate change issues. They are not playing politics on this one though of course they will look to capitalise on it as the US government steps away.
It was because it had already committed to pay 20b yuan into the South South Climate Cooperation fund. At the time (exchange rates have since moved a bit) this was worth 3.2b USD. It is widely known that the reason that Obama committed, what was it again ...oh yes, 3.2b USD to the climate fund prior to the Paris accord was to match China's previously announced payment.
So far China has released over 1.4b USD equivalent to this fund with an intention to release the rest in tranches between now and 2020.
There may be much to criticise the Chinese government about but they are convinced that they need to solve the pollution problem in China and will have to take an increasingly important role in helping with the world with climate change issues. They are not playing politics on this one though of course they will look to capitalise on it as the US government steps away.