GCF Adaptation/Mitigation Funds

Green Climate Fund board pledged February 24 an even split between mitigation and adaptation efforts. The fund was created to disperse the $100 billion industrialized nations pledged to help vulnerable nations address climate change impacts.

Social Cost of Carbon Figure too Low

Environmental Defense Fund Senior Economist Gernot Wagner said February 26 that the Obama administration relied on outdated data that produced a social cost of carbon figure that is too low. The federal government models have yet to include the most recent Intergovernmental Panel on Climate Change data summary.