Current:Home > InvestDeveloped nations pledge $9.3 billion to global climate fund at gathering in Germany -TrueNorth Capital Hub
Developed nations pledge $9.3 billion to global climate fund at gathering in Germany
View
Date:2025-04-19 12:12:43
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! (4)
Related
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- Faulty insulin pump tech led to hundreds of injuries, prompting app ecall
- Neil Young reunites with Crazy Horse after a decade, performs double encore
- State trooper who arrested LGBTQ+ leaders in Philadelphia no longer works for state police
- DoorDash steps up driver ID checks after traffic safety complaints
- Police disperse protesters at several campuses, use tear gas in Tucson
- Love Is Blind's Bliss Poureetezadi Gives Birth, Welcomes Baby With Zack Goytowski
- From 'The Iron Claw' to 'The Idea of You,' here are 10 movies you need to stream right now
- Could your smelly farts help science?
- Brooke Shields dishes on downsizing, trolls and embracing her 'Mother of the Bride' era
Ranking
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- Despite revenue downgrade, North Carolina anticipates nearly $1B more in cash
- From Linen Dresses to Matching Sets, Old Navy's Sale is Full Of Chic Summer Staples At Unbeatable Prices
- Killing of an airman by Florida deputy is among cases of Black people being shot in their homes
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- Neil Young reunites with Crazy Horse after a decade, performs double encore
- Teen and Miss USA quit their crowns, citing mental health and personal values
- Oklahoma judge accused of shooting at his brother-in-law’s home
Recommendation
The company planning a successor to Concorde makes its first supersonic test
Trump says he wouldn't sign a federal abortion ban. Could he limit abortion access in other ways if reelected?
WNBA Star Angel Reese Claps Back at Criticism For Attending Met Gala Ahead of Game
Search crews recover bodies of 2 skiers buried by Utah avalanche
New Zealand official reverses visa refusal for US conservative influencer Candace Owens
Taylor Swift made big changes to Eras Tour. What to know about set list, 'Tortured Poets'
St. Louis police officer fatally shoots man who shot another man; happened near City Hall
From Linen Dresses to Matching Sets, Old Navy's Sale is Full Of Chic Summer Staples At Unbeatable Prices