The UK government is under attack by debt campaigners as well as developing countries, for their plan to give £800 million to poorer countries in preparation for climate change, as a great bulk of the money would be in the form of loans, not grants, and would be sent via the World Bank instead of the UN.
Martin Khor, director of Third World Network, a grouping of international development agencies based in Malaysia believes; "The decision to deliver climate aid in the form of loans and not grants contradicts internationally agreed principles"
These principles clearly define that developed countries should take the main responsibility for fighting climate change, due to their massive role in creating the pollution that is being blamed for it’s occurance, as well as their more advanced technological and economic capabilities.
Khor also felt the money had to be sent through that UN as:
"Developing countries have repeatedly argued that any proposed funds for climate change, particularly in such significant amounts, should come under the direction of the state parties to the UN Framework Convention on Climate Change. Martin Khor, director of Third World Network, a grouping of international development agencies based in Malaysia believes; "The decision to deliver climate aid in the form of loans and not grants contradicts internationally agreed principles"
"The World Bank's climate investment funds could undermine the UN's negotiations for climate change aid," Khor argued. "It creates parallel structures for financing climate change adaptation and mitigation outside the existing multilateral structures and within a process dominated by the G8 countries."
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