Current:Home > FinanceDeveloped nations pledge $9.3 billion to global climate fund at gathering in Germany -Streamline Finance
Developed nations pledge $9.3 billion to global climate fund at gathering in Germany
Ethermac Exchange View
Date:2025-04-09 02:04:41
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! (96)
Related
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Britney Spears Admits to Cheating on Justin Timberlake With Wade Robson
- Journalists in Gaza wrestle with issues of survival in addition to getting stories out
- Soccer Star Ali Krieger Enters Beyoncé Lemonade Era Amid Ashlyn Harris, Sophia Bush Romance
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- 2 special elections could bring more bad news for Britain’s governing Conservatives
- Michael Penix headlines the USA TODAY Sports midseason college football All-America team
- A 19-year-old was charged in the death of a fellow Mississippi college student
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- (G)I-DLE brings 'HEAT' with first English album: 'This album is really about confidence'
Ranking
- $73.5M beach replenishment project starts in January at Jersey Shore
- Biden prepares Oval Office speech on wars in Israel and Ukraine, asking billions
- Abreu, Alvarez and Altuve help Astros pull even in ALCS with 10-3 win over Rangers in Game 4
- Trump ally Sidney Powell pleads guilty to conspiracy charges in Georgia 2020 election case
- The Super Bowl could end in a 'three
- EU demands Meta and TikTok detail efforts to curb disinformation from Israel-Hamas war
- Too much red meat is linked to a 50% increase in type 2 diabetes risk
- Fake accounts, old videos, and rumors fuel chaos around Gaza hospital explosion
Recommendation
Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
Sidney Powell vowed to ‘release the Kraken’ to help Donald Trump. She may now testify against him
'Killers of the Flower Moon' cast: Leonardo DiCaprio, Robert De Niro headline new Scorsese movie
John Stamos opens up about 'shattering' divorce from Rebecca Romijn, childhood sexual assault
$73.5M beach replenishment project starts in January at Jersey Shore
Rob Kardashian Reveals His NSFW Reaction to Scott Disick’s Sex Life
Abreu, Alvarez and Altuve help Astros pull even in ALCS with 10-3 win over Rangers in Game 4
Feds OK natural gas pipeline expansion in Pacific Northwest over environmentalist protests