Australia rejoins global climate fund, reversing Morrison decision

#Australiarejoins #globalclimate #fund
Australia will reversal Morrison government's decision to withdraw from the United Nations initiative and participate in world's large global climate finance fund. Abbott and Turnbull governments provided $ 200 million to the Green Climate Fund between 2015-2018, and then Prime Minister Scott Morrison announced that he would no longer invest in this large climate fund ”. In 2019 budget, Morrison government watched by stopping payments to fund that reduce emissions in developing world and encourage climate elasticity. Foreign Minister Penny Wong said the decision would help Australia's climatic identity information in the Pacific. Foreign Minister Penny Wong announced on Thursday morning that Australia would re -participate in fund and declare a “modest contribution” before the end of year.