Current:Home > ScamsDeveloped nations pledge $9.3 billion to global climate fund at gathering in Germany-DB Wealth Institute B2 Expert Reviews
Developed nations pledge $9.3 billion to global climate fund at gathering in Germany
View Date:2024-12-24 00:31:41
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! (66)
Related
- AI could help scale humanitarian responses. But it could also have big downsides
- Expecto Intense Feelings Reading Tom Felton's Tribute to Harry Potter Star Robbie Coltrane
- Plot to kill Queen Elizabeth II during 1983 San Francisco visit revealed in FBI documents
- Annemarie Wiley Filming for The Real Housewives of Beverly Hills Season 13
- Taylor Swift Politely Corrects Security’s Etiquette at Travis Kelce’s Chiefs Game
- Mystery surrounds death of bankrupt bank trustee who fell from 15th floor of building in Bolivia
- Henry Kissinger, revered and reviled former U.S. diplomat, turns 100
- Britain's Princess Eugenie gives birth to baby boy
- Daniele Rustioni to become Metropolitan Opera’s principal guest conductor
- What Spring 2023 Handbag Trend You Are Based On Your Zodiac Sign
Ranking
- Tennessee suspect in dozens of rapes is convicted of producing images of child sex abuse
- Australia police offer $1 million reward in case of boy who vanished half a century ago
- Blac Chyna Shares Update on Co-Parenting Relationships With Rob Kardashian and Tyga
- Wagner Group boss, Putin's butcher, says Russia at risk of losing Ukraine war and facing a revolution
- Are Dancing with the Stars’ Jenn Tran and Sasha Farber Living Together? She Says…
- Russia claims to repel invasion from Ukraine as 9-year-old girl, 2 others killed in latest attack on Kyiv
- Austin Butler Proves He’s Keeping Elvis Close on Sweet Outing With Kaia Gerber
- Stretch of Venice's Grand Canal mysteriously turns phosphorescent green
Recommendation
-
Is the stock market open on Veterans Day? What to know ahead of the federal holiday
-
Blinken says no Russia-Ukraine peace possible until Kyiv can defend itself and Putin pulls his troops out
-
Snorkeler survives crocodile attack by prying its jaws off of his head
-
India train accident that killed nearly 300 people caused by signal system error, official says
-
Cruel Intentions' Brooke Lena Johnson Teases the Biggest Differences Between the Show and the 1999 Film
-
Indian official in hot water for draining reservoir to find his phone
-
Ukraine says Russia blew up major dam from inside, endangering thousands of people and a nuclear plant
-
Phoebe Bridgers Calls Out Fans Who “F--king Bullied” Her at Airport After Her Dad’s Death