Current:Home > NewsDeveloped nations pledge $9.3 billion to global climate fund at gathering in Germany-Angel Dreamer Wealth Society D1 Reviews & Insights
Developed nations pledge $9.3 billion to global climate fund at gathering in Germany
View Date:2024-12-23 19:13:01
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! (3371)
Related
- Inter Miami's MLS playoff failure sets stage for Messi's last act, Alexi Lalas says
- Oprah addresses Gayle King affair rumors: 'People used to say we were gay'
- Who Is Michael Polansky? All About Lady Gaga’s Fiancé
- Museums closed Native American exhibits 6 months ago. Tribes are still waiting to get items back
- IAT Community Introduce
- 14-year-old Mak Whitham debuts for NWSL team, tops Cavan Sullivan record for youngest pro
- 2024 Olympics: Gymnast Jade Carey Shares Why She Fell During Floor Routine
- USWNT's future is now as Big Three produce big results at Paris Olympics
- Why the US celebrates Veterans Day and how the holiday has changed over time
- 'Mothers' Instinct': Biggest changes between book and Anne Hathaway movie
Ranking
- We Can Tell You How to Get to Sesame Street—and Even More Secrets About the Beloved Show
- Trump agrees to be interviewed as part of an investigation into his assassination attempt, FBI says
- Jennifer Lopez’s 16-Year-Old Twins Max and Emme Are All Grown Up in Rare Photos
- LIV Golf and the 2024 Paris Olympics: Are LIV players eligible?
- Vikings' Camryn Bynum celebrates game-winning interception with Raygun dance
- Lana Condor mourns loss of mom: 'I miss you with my whole soul'
- Why Fans Think Pregnant Katherine Schwarzenegger Hinted at Sex of Baby No. 3
- In New York, a ballot referendum meant to protect abortion may not use the word ‘abortion’
Recommendation
-
Black, red or dead: How Omaha became a hub for black squirrel scholarship
-
Harris is endorsed by border mayors in swing-state Arizona as she faces GOP criticism on immigration
-
Trump gunman spotted 90 minutes before shooting, texts show; SWAT team speaks
-
All the best Comic-Con highlights, from Robert Downey Jr.'s Marvel return to 'The Boys'
-
Brian Austin Green Shares Message to Sharna Burgess Amid Ex Megan Fox's Baby News
-
Starter homes are worth $1 million in 237 U.S. cities. See where they're located.
-
Go To Bed 'Ugly,' Wake up Pretty: Your Guide To Getting Hotter in Your Sleep
-
Vigils honor Sonya Massey as calls for justice grow | The Excerpt