Currently Belgium’s Federal Government contributes 10 million euro per annum. In addition to the 50 million euro contributed to the fund by Federal Government over the past 5 years, Belgium’s regions have also contributed 35 million euro. Mr Michel proposes increasing the contribution made to the UN Climate Change Fund by the Federal Government to 20 million euro over the next 4 years.
It will be up to the regional authorities whether they follow suit. The pressure group Climate Coalition wants the total contribution to be increased to 160 euro.
In addition to the contribution to the UN Green Climate Fund Belgium’s financial contribution to measures to combat global warming also go to a fund to help less developed countries pay for measures to combat climate change as well as to bi-lateral initiatives such as BIO, Enabel and cooperation with NGOs.
Other countries, including Norway, France and the UK, have also said that they are to double their financial commitment.