Gordon Brown has announced possibly the single most important proposal on Climate Change Adaptation to date.
He went to London Zoo towards the end of June to announce a bold proposal for global funding. [ Why the Zoo ? Something to do with political overtones or biodiversity ? ]
What was heralded with praise and aplomb on that day has now been unpacked as containing some “fake” accounting, in terms of the British publicly funded contribution : funds being merely swapped from budget line to budget line.
Plus, part of the proposed funding is expected from the global Carbon Trade markets, and as we’ve seen so far from the European Trading Scheme, it is by no means certain that this will work as expected.
It might turn out to be not quite the goodie bag that Gordon Brown made out. If so, that’s a real shame, because this was meritable move.