Current:Home > ScamsDeveloped nations pledge $9.3 billion to global climate fund at gathering in Germany -ProfitPioneers Hub
Developed nations pledge $9.3 billion to global climate fund at gathering in Germany
View
Date:2025-04-18 13:13:33
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! (9)
Related
- Trump wants to turn the clock on daylight saving time
- John Krasinski Shares Sweet Story of How His Kids Inspired Latest Film
- Christina Hall Reunites With Ex Tarek El Moussa—and Twins With His Wife Heather in New Video
- 'The Golden Bachelorette' will look for love on Wednesdays this fall! ABC's 2024 schedule
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Roaring Kitty trader returns, causing GameStop shares to jump more than 70%
- MLB may have to act on strike-stealing after catcher's gruesome injury: 'Classic risk-reward'
- These jeans that make you look like you wet yourself cost $800 – and sold out. Why?
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- Comcast to offer Netflix, Peacock, Apple TV+ bundle: What to know about streaming bundles
Ranking
- 'Most Whopper
- Alice Munro, Nobel Prize winning author and master of the short story, dies at 92
- Largest Latino civil rights organization, UnidosUS Action Fund, to endorse Biden for reelection
- Below Deck Med’s Captain Sandy Yawn Marries Leah Schafer on Luxurious Yacht
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- 8 dead, at least 40 injured as farmworkers’ bus overturns in central Florida
- Looking to save money? Try shopping at bin stores.
- Red Lobster website lists 87 locations 'temporarily closed' in 27 states: See full list
Recommendation
San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
House Speaker Mike Johnson defends Trump outside New York trial in GOP show of support
What to watch in Tuesday’s Maryland US Senate primaries
Heart, determination and heavy dose of Jalen Brunson move Knicks to brink of conference finals
DoorDash steps up driver ID checks after traffic safety complaints
The 5 Best Coffee & Espresso Machines To Make Café-Worthy Drinks at Home
Premier League standings: What to know about Manchester City-Arsenal title race, schedule
Kyle Richards Shares Surprising Reaction to Mauricio Umansky Moving Out of Their House