If exisiting money is diverted towards tackling climate chnage then the world's poorest people will suffer.

Bill Gate's is particuarly concerned about the effect that this would have on healthcare in poorer countries. Huge amounts of money are needed to tackle widespread diseases such as HIV/AIDs and Malaria. Diverting money away from tackling these diseases would have a huge impact. The United States has pledge $100 billion to help poorer nations deal with the problem of climate change. But, how much of this money would be new? He states: ""If just 1 percent of the $100 billion goal came from vaccine funding, then 700,000 more children could die from preventable diseases."

Climate change is going to have more of an impact on poorer countries, for example, flooding in Bangladesh, tsunames in Indonesia. While putting money aside for climate change is a good idea, the money should be diverted away from other important issues. Poorer nations need money to improve education, sanitation and overall living standards of people.

For governments' to consider using existing money to tackle climate change is an insult to the world's poor. They are already suffering from the effects of climate change.

According to Oxfam around 26 million people have already been displaced by the effects of climate change. The charity have called on European governments to provide 35 billion Euro's of new money every year to help poorer nations combat climate change.