JOHANNESBURG, 9 July 2008 (IRIN) - The eight industrialised countries have also come under fire for failing to fix short- and medium-term targets to cut dangerous greenhouse gas emissions, which scientists say are warming up the planet.
"This [diversion of ODA funds] is terrible news - every ODA dollar diverted towards climate adaptation would mean a dollar less for health and education [programmes] in developing countries," Antonio Hill, senior policy advisor at Oxfam, the UK-based development agency, told IRIN.
The G8 countries met this week in Hokkaido, Japan, where they pledged US$6 billion as part of their ODA to new Climate Investment Funds (CIFs), which is to comprise two funds: one to help provide clean technology, the other to build adaptive capacity in poor countries. Both funds will be managed by the World Bank.
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