On July 1st, the World Bank approved the Climate Investment Funds and claims that donor countries have committed $4-5 Billion.

But US contributions are far from assured, and will not be appropriated until Spring 2009, at the earliest, making us suspect that the approval was rushed through in order to be able to present this during the upcoming G8 Summit.

See Reuters article:

world-bank-approves-climate-funds-before-g8-summit-tue-jul-1.doc

This entry was posted on Wednesday, July 2nd, 2008 at 10:44 am and is filed under World Bank, Coal, G8. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.