By Stian Reklev and Choonsik Yoo
Dec 4 (Reuters) - The Green Climate Fund, designed as the United Nations' most important funding body in the battle on climate change in developing nations, launched its headquarters on Wednesday in South Korea, but uncertainty over finances clouded the event.
The launch was largely symbolic, as the Fund, set up by developed nations to channel most of the $100 billion they aim to spend each year by 2020, is not expected to be fully operational until the latter half of next year.
Rich nations, reluctant to stress their already fragile economies, have not paid up as scheduled. Now the Fund has just $40 million at its disposal, a sum promised by South Korea that must also cover administrative expenses.
"The Fund is on track to start its resource mobilization next year with a rapid and substantial initial capitalization, so that we can get the money flowing to the countries in greatest need," said Jose Maria Sarte Salceda, co-chairman of the fund's board.
The Fund will help pay for cuts in greenhouse gas emissions and projects in poor nations to protect communities at risk from the effects of climate change, such as rising sea levels, prolonged droughts and damage to food crops.
Rich nations promised in 2010 to provide $10 billion per year in fast-start climate finance over 2011 to 2013, and scale funding up to $100 billion annually by 2020.
But inflows have fallen far short of expected levels, with new finance even dropping by more than two-thirds in 2013 from 2012, Britain's Overseas Development Institute says.
For example, it said in a recent report, "Funding in response to German flood damage in 2013 was four times higher than funding to help developing countries adapt to climate change since 2003."
Most of the climate finance that has emerged so far will be distributed by national governments or private funds run by multilateral organisations such as the World Bank.
Germany and Sweden have signalled willingness to contribute, Executive Director Hela Cheikhrouhou told reporters at Wednesday's opening ceremony, with Sweden intending to pay $45 million into the fund.
"The office opening is both a symbolic and practical demonstration that the Fund is ready for business," she said in a statement, but added it would become fully operational around the second half of next year.
The fund was set up at UN climate talks in Mexico in 2010 in recognition that climate change has historically been caused mainly by greenhouse gas emissions in developed countries.
At climate talks in Poland last month, developing nations pushed for a detailed plan to scale up funds, and proposed a target of $70 billion in 2016, but failed to win over developed countries.
The finance aspect remains a sticking point in efforts to agree a new global pact on climate change that nearly 200 nations hope to clinch in Paris in December 2015.
Major emerging economies such as India say they do not want to commit to targets for capping carbon dioxide emissions before the developed world has delivered on its promises on climate finance.
"What is wrong with the Global Climate Fund is that there is no money there," Indian Environment Minister Jayanthi Natarajan told a news conference during last month's talks in the Polish capital of Warsaw. (Editing by Clarence Fernandez)
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A Bumpier Ride?
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Not A Drop To Drink
A 2012 study from the U.S. Forest Service found that without "major adaptation efforts," parts of the U.S. are likely to see "<a href="http://www.treesearch.fs.fed.us/pubs/42363" target="_blank">substantial future water shortages</a>." Climate change, especially for the Southwest U.S., can both <a href="http://thinkprogress.org/climate/2013/02/25/1638541/study-climate-change-dry-up-us-reservoirs-lake-powell-lake-mead" target="_blank">increase water demand and decrease water supply</a>.
An International Tragedy
Research by British government found that <a href="http://www.huffingtonpost.com/2013/03/15/somalia-famine-climate-change_n_2883088.html" target="_blank">climate change may have contributed to a famine in East Africa</a> that killed between 50,000 and 100,000 people in 2010 and 2011. At least 24 percent of the cause of a lack of major rains in 2011 can be attributed to man-made greenhouse gases, Met Office modeling showed. (TONY KARUMBA/AFP/Getty Images)
A Mighty Wind
The <a href="http://www.guardian.co.uk/environment/2013/mar/25/frozen-spring-arctic-sea-ice-loss" target="_blank">dramatic and rapid loss of sea ice in recent years</a> has consequences beyond the Arctic. Scientists have found the melting shifts the position of the Jet Stream, bringing cold Arctic air further south and increasing the odds of intense snow storms and extreme spring weather.
An Itch You Can't Scratch
Research indicates that increased levels of atmospheric carbon dioxide <a href="http://www.onearth.org/blog/poison-ivy-climate-change" target="_blank">result in larger poison ivy plants</a>. Even worse, climate change will mean that the plant's irritating oil will also get more potent.
The <a href="http://www.livescience.com/28320-climate-change-allergies.html" target="_blank">spring 2013 allergy season could be one of the worst ever</a>, thanks to climate change. Experts say that increased precipitation, along with an early spring, late-ending fall and higher levels of atmospheric carbon dioxide may bring more pollen from plants and increased mold and fungal growth.
Gators In The Yard
North American alligators require a certain temperature range for survival and reproduction, traditionally limiting them to the southern U.S. <a href="http://www.slate.com/articles/health_and_science/animal_forecast/2013/02/alligators_in_virginia_climate_change_could_be_pushing_cold_blooded_species.single.html" target="_blank">But warming temperatures could open new turf</a> to gators with more sightings farther north.
Melting Blitz In South America
High in the Peruvian Andes, parts of the world's largest tropical ice sheet have melted at an unbelievable pace. Scientists found that significant <a href="http://www.nytimes.com/2013/04/05/world/americas/1600-years-of-ice-in-perus-andes-melted-in-25-years-scientists-say.html" target="_blank">portions of the Quelccaya Ice Cap that took over 1,600 years to form have melted in only 25 years</a>. (Perito Moreno Glacier pictured)
Wine To Go?
Along with other agricultural impacts, <a href="http://www.huffingtonpost.com/2013/04/08/climate-change-wine_n_3039673.html" target="_blank">climate change may have a dramatic effect on the world's most famous winemaking regions</a> in coming decades. Areas suitable for grape cultivation may shrink, and temperature changes may impact the signature taste of wines from certain regions.
Home Sweet Home
Thanks to climate change, <a href="http://www.guardian.co.uk/sustainable-business/blog/polar-arctic-greenland-ice-climate-change" target="_blank">low-lying island nations may have to evacuate</a>, and sooner than previously expected. Melting of the Greenland and west Antarctic ice sheets has been underestimated, scientists say, and populations in countries like the Maldives, Kiribati, Tuvalu and others may need to move within a decade.
Trouble On The Ice
Warmer winters in northern latitudes could mean <a href="http://www.cbc.ca/news/technology/story/2013/01/18/hamilton-climate-change-rinks.html" target="_blank">fewer days for outdoor hockey</a>. An online project called RinkWatch aims to collect data on the condition of outdoor winter ice rinks in Canada and the northern U.S. and educate people on the impacts of climate change.
A Damper On Your Raw Bar?
Experts speculate that <a href="http://news.nationalgeographic.com/news/2010/08/100806-oyster-herpes-global-warming-climate-change-science/" target="_blank">warming oceans may have played a part in a strain of herpes</a> that has killed Pacific oysters in Europe in recent years.
The Color-Changing Bears
As Arctic ice melts and polar bears see more of their habitat disappear, the <a href="http://www.huffingtonpost.ca/2013/03/14/polar-bears-turn-brown-climate-change_n_2878684.html" target="_blank">animals could lose their famous white coats</a>. Researchers have already witnessed polar bears hybridizing with their brown cousins, but note that it would take thousands of years from them to adapt themselves out of existence.
Less Time On The Chair Lift
Climate change means warmer winters in northern latitudes and a shorter ski season. By 2039, <a href="http://www.nytimes.com/2012/12/13/us/climate-change-threatens-ski-industrys-livelihood.html" target="_blank">more than half of the Northeast's ski resorts</a> will not be able to maintain a 100-day season, according to the New York Times. Ski areas will be less likely to receive regular snowfall, and warmer daily low temperatures mean fewer opportunities for snowmaking.
Apples produced in one Himalayan state of India are already losing their taste and even turning sour, experts say. <a href="http://zeenews.india.com/news/eco-news/arunachal-apples-losing-taste-due-to-climate-chang_831169.html" target="_blank">Increased rainfall and erratic weather in the region mean less than ideal conditions</a> for famously-sweet Kashmiri apples.
A Tough Time For Mushers
With climate change already impacting northern latitudes, <a href="http://www.nytimes.com/2013/02/06/sports/warm-weather-forces-changes-ahead-of-iditarod-race.html" target="_blank">warmer winters in Alaska could mean less than ideal conditions</a> for the famous Iditarod sled dog race. “It definitely has us concerned,” a musher and Iditarod spokeswoman who's already breeding dogs with thinner coats told The New York Times.
A Cold Cup Of Coffee
<a href="http://news.nationalgeographic.com/news/2012/11/121108-climate-change-coffee-coffea-arabica-botanical-garden-science/" target="_blank">Climate change may dramatically shrink the area suitable for coffee cultivation</a> by the end of the century and cause the extinction of Arabica coffee plants in the wild. Starbucks has already declared that "<a href="http://www.starbucks.com/responsibility/environment/climate-change" target="_blank">Addressing climate change is a priority</a>."
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