The UN’s new Green Climate Fund could be used to finance dirty energy including coal and shale gas. The Green Climate Fund’s board, which includes the UK government, meets from 18-21 May in Songdo, Korea, and is expected to agree details of what the fund will finance.
The Green Climate Fund was set up to help poor countries deal with climate change and develop using clean energy. But campaigners fear that unless this week’s meeting explicitly excludes fossil fuels, the fund will be used to subsidise the coal, oil and gas industries that are driving climate change.