Current:Home > BackDeveloped nations pledge $9.3 billion to global climate fund at gathering in Germany-LoTradeCoin
Developed nations pledge $9.3 billion to global climate fund at gathering in Germany
View Date:2025-01-14 05:33:35
VIENNA (AP) — Developed countries pledged $9.3 billion to help poor nations tackle climate change at a conference held in the German city of Bonn on Thursday, authorities said. However, nongovernmental groups criticized the outcome, saying the funds fall short of what is needed to tackle climate change.
The pledges will help replenish the South Korea-based Green Climate Fund, established in 2010 as a financing vehicle for developing countries. It’s the largest such fund aimed at providing money to help poorer nations in reducing their emissions, coping with impacts of climate change and boosting their transitions to clean energy.
The pledged money at the conference in Bonn will be used to finance projects in developing and emerging nations between 2024 and 2027. The German government alone pledged 2 billion euros ($2.1 billion).
Twenty-five countries came forward with fresh pledges while five said that they would announce theirs in the near future.
“The collected sum will likely turn out to be much higher,” the German Foreign Ministry and the German Ministry for Economic Cooperation and Development said in a joint statement.
Three quarters of contributing states increased their pledges, compared to the previous donor conference in 2019, including Germany, Austria and France. Denmark, Ireland and Liechtenstein doubled their pledges.
There was no mention of pledges from the United States. The office of the U.S. climate envoy John Kerry was not immediately available for comment.
However, civil society and NGOs criticized the commitments, saying they fall short of what is needed to tackle the impact of climate change on vulnerable communities in developing nations.
“The Green Climate Fund, envisioned as the lifeline for climate action in developing nations, is held back by the indifference of wealthy countries,” said Harjeet Singh, Head of Global Political Strategy of the Climate Action Network International, a global network of over 1900 environmental civil society organizations in over 130 countries.
“The silence of the United States ... is glaring and inexcusable,” Singh said.
“Developed countries are still not doing their part to help developing countries and affected people and communities with urgent climate actions,” said Liane Schalatek, associate director at the Heinrich Böll Foundation in Washington.
The issue of financial support to poorer nations will play a major role during the upcoming U.N. Climate Change Conference, COP28, starting in Dubai at the end of November.
Sultan Al Jaber, president designate of COP28, told The Associated Press in a statement that “the current level of replenishment is neither ambitious nor adequate to meet the challenge the world faces.”
“We must go further in our support for the most vulnerable, who are adversely impacted by escalating climate impacts,” he said.
German Minister for Economic Development Svenja Schulze, who hosted the Bonn conference, called on more nations to contribute their “fair share” to the financial effort.
“Besides the other industrialized nations, I increasingly see also the responsibility of countries who are not part of the classical donors: for example, Gulf states that got rich due to fossil energy, or emerging nations such as China who by now are responsible for a large share of carbon emission,” said Schulze.
Representatives from 40 countries attended the conference.
___
Associated Press writers Dana Beltaji in London and Seth Borenstein in Washington contributed to this report.
___
Read more of AP’s climate coverage at http://www.apnews.com/Climate
veryGood! (1)
Related
- Police cruiser strikes and kills a bicyclist pulling a trailer in Vermont
- Michigan woman starts lottery club after her husband dies, buys $1 million Powerball ticket
- Millions could benefit from a new way out of student loan default
- What restaurants are open Thanksgiving? Details on Starbucks, McDonald's, fast food, more
- Can't afford a home? Why becoming a landlord might be the best way to 'house hack.'
- Jalen Hurts leads second-half rally as Eagles beat Chiefs 21-17 in Super Bowl rematch
- How political campaigns raise millions through unwitting donors
- 4 men found dead in a Denver suburb home
- Taylor Swift Becomes Auntie Tay In Sweet Photo With Fellow Chiefs WAG Chariah Gordon's Daughter
- Chicago prepares for Macy's parade performance, summer tour with EWF: 'We're relentless'
Ranking
- Rita Ora pays tribute to Liam Payne at MTV Europe Music Awards: 'He brought so much joy'
- The Excerpt podcast: Did gun violence activist Jose Quezada, aka Coach, die in vain?
- Chicago prepares for Macy's parade performance, summer tour with EWF: 'We're relentless'
- NFL suspends Kareem Jackson for four games again after illegal hit on Joshua Dobbs
- Jennifer Hudson, Kylie Minogue and Billy Porter to perform at Macy’s Thanksgiving Parade
- Coroner identifies woman fatally shot by Fort Wayne officer after she tried to run him over
- Has Elon Musk gone too far? Outrage grows over antisemitic 'actually truth' post
- Property dispute in Colorado leaves 3 dead, 1 critically wounded and suspect on the run
Recommendation
-
U.S.-Mexico water agreement might bring relief to parched South Texas
-
Negotiators near deal with Hamas to release hostages
-
More than 100 guns stolen in Michigan after store manager is forced to reveal alarm code
-
Review: You betcha 'Fargo' is finally great again, thanks to Juno Temple
-
'SNL' stars jokingly declare support for Trump, Dana Carvey plays Elon Musk
-
Putin, Xi and UN Secretary-General Gutteres to attend virtual meeting on Israel-Hamas war
-
Biden marks Trans Day of Remembrance: We must never be silent in the face of hate
-
As 2023 draws to close, Biden’s promised visit to Africa shows no signs of happening yet