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Australia rejoins global climate fund, reversing Morrison decision

Australia will rejoin the world’s major global climate finance fund, reversing a Morrison government decision to withdraw from the United Nations initiative.

The Abbott and Turnbull governments provided $200 million to the Green Climate Fund (GCF) between 2015 and 2018 before then-prime minister Scott Morrison announced he would no longer “tip money into that big climate fund”.

The Morrison government followed up in the 2019 budget by ceasing payments to the fund, which finances projects in the developing world that cut emissions and promote climate resilience.

Foreign Minister Penny Wong announced on Thursday morning that…

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