British Energy Secretary Ed Davey announced the British government was sending $2.4 billion to a so-called fast start finance program. This, he said, would encourage private investments in low-carbon energy programs in Africa and stimulate similar efforts in the farming community in Colombia.
"Climate change is a global threat and with every passing year, the nature and the extent of that threat grows clearer," he said in a statement. "We also recognize that the world's poorest will be hit the hardest by the impacts of climate change and we need to help communities adapt to these challenges."
Low-carbon advocate Oil Change International this week said the top industrialized nations allocated a collective $58.7 billion to subsidize fossil fuels last year compared with $11.2 billion for climate financing for developing countries.
U.N. Secretary-General Ban Ki-moon told the climate conference in Doha that extreme weather trends ostensibly linked to pollution are becoming "the new normal."
"Developed countries must give their clear indications that scaled-up climate financing will flow after 2012 and that it will be commensurate to the goal of mobilizing $100 billion dollars a year by 2020 from public and private funding," he said.
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