MEDIA RELEASE: Aussie Taxpayers asked to cough up an extra $400 million for Global Climate Fund

The Australian Taxpayers’ Alliance (ATA) today condemned a new funding template published by World Resources Institute which calls for Australia to increase its taxpayer-funded contribution to the Paris Accord Global Climate Fund (GCF) by over $400 million, despite Australia accounting for just 1.8% of global greenhouse gas emissions.

“Taking $400 million out of the pockets of hardworking Australians in order to subsidise major polluters such as China, India and oil-rich gulf nations, is not just nonsensical. It is cruel.” Said Satya Marar, Director of Policy at the ATA. “The Paris Accord allows these countries to prioritise their own interests by rapidly expanding coal-fired power while Australian taxpayers are shaken down to the tune of millions of dollars. Meanwhile, heavy-handed climate policy by successive Australian governments with a view to meet our Paris Accord obligations, has driven our coal-fired power stations into premature retirement and left Aussie families and businesses with the world’s highest electricity bills.

“Australia accounts for just 1.8% of global emissions. By contrast, China, the United States and India accounting for a whopping 30%, 15% and 7% respectively. If Australia disappeared off the map entirely, there would be no significant impact on global emissions and temperatures. Yet, Australians are being asked to foot the bill and become the sixth-largest contributor to the GCF. Pulling out of the Paris agreement will deliver fairness for our taxpayers and bring this perversity to an end.”

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