News
Iceland Not Holding To Its Obligations Regarding Climate Change

Iceland Not Holding To Its Obligations Regarding Climate Change

Published November 26, 2012

Iceland is among the countries not sticking to an agreed-upon plan to help developing countries combat climate change.
While it might be easier for countries like Iceland, who utilise green energy such as hydropower and geothermal power, to do their part in fighting climate change, developing countries have had a harder time of it. These countries lack the resources, money and manpower to convert to a greener economy. For this reason, an international agreement was made in 2009 to provide some $30 billion to developing countries, to help them combat climate change.
Unfortunately, The Economic Times reports, those countries which agreed to the deal – Iceland among them – have failed to follow through.

In 2009 at Copenhagen, industrialised countries pledged to provide $30 billion in fast start finance over a three-year period ending this year.
An assessment by International Institute for Environment and Development, shows that the industrialised countries have been laggard and not transparent about providing the promised money. Of the total $30 billion promised only $23.6 billion had been committed, according to the May 2012 report of the UN Framework Convention on Climate Change. The United States, European Union and Iceland committed half or less than half of their share.

The article goes further to say that only Norway and Japan have gone above and beyond in providing help to these nations.
Icelandic authorities have yet to respond to the news.



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