Current:Home > ContactDeveloped nations pledge $9.3 billion to global climate fund at gathering in Germany -Elevate Money Guide
Developed nations pledge $9.3 billion to global climate fund at gathering in Germany
View
Date:2025-04-16 01:32:45
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! (7531)
Related
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Dutch king and queen are confronted by angry protesters on visit to a slavery museum in South Africa
- Hurricane Norma heads for Mexico’s Los Cabos resorts, as Tammy becomes hurricane in the Atlantic
- How Summer House's Lindsay Hubbard Is Doing 2 Months After Carl Radke Breakup
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- UAW chief to say whether auto strikes will grow from the 34,000 workers now on picket lines
- How an undercover sting at a Phoenix Chili's restaurant led to the capture of canal killer
- SeaWorld Orlando welcomes three critically endangered smalltooth sawfish pups
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- Spirit Airlines cancels dozens of flights to inspect some of its planes. Disruptions will last days
Ranking
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- Five NFL players who need a change of scenery as trade deadline approaches
- 'Killers of the Flower Moon' depicts an American tragedy, Scorsese-style
- Jose Abreu's postseason onslaught continues as Astros bash Rangers to tie ALCS
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- 2 American hostages held since Hamas attack on Israel released: IDF
- Natalee Holloway fought like hell moments before death, her mom says after Joran van der Sloot's murder confession
- Illinois government employee fired after posting antisemitic comments on social media
Recommendation
The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
From Israel, writer Etgar Keret talks about the role of fiction in times of war
School crossing guard fatally struck by truck in New York City
A man, a plan, a chainsaw: How a power tool took center stage in Argentina’s presidential race
FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
Israeli reservists in US leave behind proud, worried families
Italian Premier Meloni announces separation from partner, father of daughter
Woman’s dog accidentally eats meth while on walk, she issues warning to other pet owners