Subscribe free to our newsletters via your
. Energy News .




ENERGY NEWS
Norway increases Green Climate Fund contribution
by Staff Writers
Oslo (AFP) Dec 05, 2014


Norway said Friday it would increase its contribution to the United Nations' Green Climate Fund, created to help poor countries cut greenhouse gas emissions and prepare for climate change.

The Nordic nation pledged 1.6 billion kroner ($258 million, 183 million euros) over the next four years.

Norway had previously announced a $33-million contribution during a UN climate summit in New York last September.

"With this announcement, the total amount pledged to the fund has now reached the equivalent of $9.95 billion," the Norwegian foreign ministry said in a statement.

"Thanks to this increase in Norway's contribution, the goal of $10 billion is now within reach."

Hitting the initial goal for the fund would be seen as a key step ahead of international talks in Paris next year on slashing worldwide carbon emissions.

The South Korea-based fund aims to help developing nations invest in clean energy and green technology and build up defences against rising seas and worsening storms, floods and droughts.

It would help those countries least to blame for, but most at risk from, climate change with grants, loans and private capital for projects such as solar and wind farms, planting trees or disaster-proofing infrastructure.

"Rich countries must provide the greatest share of the funding, but all countries that have the economic capacity should contribute," Norwegian Climate and Environment Minister Tine Sundtoft said in the statement.

"Recipient countries have a particular responsibility for providing conditions that attract climate investments."

Also on Friday, the UN revealed in a report that developing countries may need as much as $250-500 billion per year by 2050 to deal with the consequences of climate change.

The estimated costs for adaptation are several times higher than in previous forecasts, according to the United nations environmental Programme (UNEP), which warned of a "significant funding gap after 2020".

"Adaptation costs could climb as high as $150 billion by 2025/2030 and $250-250 billion per year by 2050," the report said.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links







Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








ENERGY NEWS
Germany steps up efforts to reduce carbon emissions
Berlin (AFP) Dec 03, 2014
The German government adopted Wednesday a plan aimed at accelerating its efforts to cut carbon gas emissions by 2020. Germany has pledged to cut its greenhouse gas emissions by 40 percent between 1990 and 2020, but at the current pace, Europe's top economy looks set to to fall short of that goal by as many as six or seven percentage points. The programme adopted by the cabinet Wednesday ... read more


ENERGY NEWS
Germany steps up efforts to reduce carbon emissions

Norway increases Green Climate Fund contribution

Matched "hybrid" systems may hold key to wider use of renewable energy

Russia's Gazprombank, South African PIC Sign Cooperation Deal

ENERGY NEWS
Low-grade waste heat regenerates ammonia battery

Ferry charge station uses Corvus lithium energy storage system

Corvus Energy Announces Liquid Cooled Version of Industrial Lithium Battery

Chinese power companies pursue smart grids

ENERGY NEWS
Virginia mulls offshore wind energy

Environmental group: U.S. tax credit for wind energy not enough

AREVA maintenance contract for five years renewed in the North Sea

New acreage available for U.S. offshore wind energy

ENERGY NEWS
U.S. puts more cash behind solar power

Spectrolab manufactures 4 millionth space solar cell

AORA to provide Solar-Biogas Hybrid off-grid in Africa

Hanwha SolarOne to Build 230 MW Module Factory in South Korea

ENERGY NEWS
China General Nuclear raises $3.16 bn in Hong Kong IPO: report

Maxatomstrom offers 100% nuclear power plan beginning

Britain signs deal for nuclear plant project

Ukraine nuclear plant short circuit adds to power woes

ENERGY NEWS
Central America's new coffee buzz: renewable energy

Boeing completes test flight with 'green diesel'

Sweet Smell of Success: Researchers Boost Methyl Ketone Production

Single-atom gold catalysts may enable cheap output of fuel and chemicals

ENERGY NEWS
Service module of China's returned lunar orbiter reaches L2 point

China Launches Second Disaster Relief Satellite

China expects to introduce space law around 2020

China launches new remote sensing satellite

ENERGY NEWS
2014 poised for hottest year on record: UN

Climate Change counteracts decline in eutrophication

UN climate talks set sights on historic Paris pact

Research confirms how global warming links to carbon emissions




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.