Mexican Climate Change Fund Short of Cash, Slow Off the Mark Emilio Godoy - Inter Press Service
go to original June 17, 2013

MEXICO CITY - The Climate Change Fund set up in November in Mexico faces enormous challenges such as the enforcement of anti-corruption standards, which make it unlikely that concrete actions will begin this year, according to civil society organizations.

The fund, which will allocate resources to mitigate and adapt to climate change, was created under the General Climate Change Law of June 2012, with an initial budget of only 78,000 dollars, assigned mainly for administrative expenses.

The initiative was adopted in accordance with the global strategy that emerged at the 16th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP 16) held in December 2010 in the southeastern Mexican city of Cancún.

“We know that recipient countries face significant corruption challenges,” and that is a concern because “the Mexican fund may be a model” for other countries that need assistance, Lisa Elges, the head of the Climate Governance Integrity Programme for Transparency International (TI), told IPS.

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