Greens Leader Christine Milne, who is at the UN climate talks in Lima, says today's announcement by Julie Bishop is evidence of the intense international pressure Australia has been under to reverse the Abbott government's refusal to contribute to the Green Climate Fund.
"There is no way Australia could have continued with its stand against global finance and be viewed as negotiating in good faith here in Lima," said Senator Milne.
"$50 million a year is nowhere near enough, when the global target for finance is $100 billion a year by 2020.
"Because the Coalition has left it to the last minute, Australia's contribution to the GCF looks begrudging.
"Todays announcement will be especially galling if this money has come from our overseas aid budget. This is robbing Peter to pay Paul. The Green Climate Fund contribution should be on top of Australia's overseas aid contributions, not a substitute for it.
"Polluters should pay to help the world deal with the impacts of the global warming that they are causing, and would have paid $18 billion over four years in Australia if Tony Abbott hadn't ditched the carbon price.
"It is going to take much more than $200 million over four years for Australians or the global community to believe there has been any real shift in Tony Abbott's climate denial position," said Senator Milne.
"The condemnation of Australia continues here in Lima with Australia being given yet another 'Fossil of the Day' award, for trying to remove 'global solidarity' and references to global temperature limits from the text of the draft agreement."