. Australia has promised to provide A $200 millions over the next four-years to the Green Climate Fund, a U.N. initiative which redistributes funds from developed countries to developing nations to combat climate change. The U.N. was delighted by the unexpected outcome. Climate Change Conference, Lima (Peru). Tony Abbott, Prime Minister of Australia was once a climate-change denier. He has made some policy changes recently, which is likely due to his declining approval ratings. Tony Abbott said to reporters in Melbourne that he had made a number of comments over time, but given the way things have developed over the past few months, it seemed fair and reasonable to commit a small, responsible, and proportionate amount to climate mitigation fund. According to Abbott’s foreign aid budget, Australia will pay the contribution. To raise $100 trillion a year for the fight against climate change, The Green Climate Fund was launched in 2009. Both public and private funding are available. The main purpose of the fund is to cut greenhouse gas emissions, adapt to rising sea levels and mudslides, as well as make reductions in greenhouse gas emissions. This is essential in achieving a Paris climate agreement in the late 2015.. The topic of climate change was a hot topic at the G 20 Brisbane summit last month, even though the event is an attempt to bring together countries and discuss economic growth. Japan and the USA pledged to contribute $1.5 billion each, while Japan pledged $3 billion. Environmental groups were pleased with Abbot’s decision, however Senator Christine Milne (leader of the opposition Greens Party) said that it was too late. She stated in a statement that it would take more than $200 millions over four years to convince the Australian public or global community of any shift in Tony Abbott’s position on climate denial.
