Skip to comments.World set to miss goal of $100B climate aid pledged to poor
Posted on 10/25/2021 11:26:41 AM PDT by Oldeconomybuyer
BERLIN (AP) — A target for rich countries to provide poor nations with $100 billion in aid each year to tackle global warming will be missed, dealing a blow to the upcoming U.N. climate talks in Glasgow.
Senior officials from Britain, Canada and Germany, who had hoped to break a deadlock in negotiations ahead of next week’s summit, announced Monday that current data shows the goal won’t be reached until 2023 — three years later than agreed.
But Mohamed Adow, a long-time observer of U.N. climate talks who now heads Nairobi-based environmental think tank Power Shift Africa, said the plan won’t satisfy poor nations, who have insisted that the original target must be met.
“The $100 billion of climate finance is not only a lifeline to poor and vulnerable communities on the front line of a climate crisis they did not cause, it’s also the bare minimum that rich countries need to do to hold up their end of the bargain at COP26,” he said
Teresa Anderson, climate policy coordinator at ActionAid International, noted that much of the financial support from rich to poor countries is still made out as loans that those on the frontlines of climate change struggle to repay.
“It is vital that climate finance comes in the form of grants,” she said.
The Washington-based environmental think tank World Resources Institute has calculated that only a handful of rich countries including France, Japan, Norway, Germany and Sweden are providing a fair share of climate aid.
Based on the size of its economy and greenhouse gas emissions, the United States has fallen far short in recent years, though President Joe Biden has pledged to double U.S. climate finance contributions to $11.4 billion a year by 2024.
(Excerpt) Read more at apnews.com ...
Get it from China! We owe “the world” NOTHING.
Well, they said ANY FAILURE in Gasglow would doom us all to famine, terrorism, war, psoriasis.......... 😂🙌
“A target for rich countries to provide poor nations with $100 billion in aid…”
Rich countries?! He really means you and me. How about all the billionaires pushing this project chip in and fund it if it’s so important.
So we’re going to give them $100 billion so they can remain poor and undeveloped?
This sounds like the biggest grift ever.
“The future’s so bright, I gotta wear shades...”
Missing fund-raising goals is a part of life, including when you pledge somebody else’s money.
How many more trillions do we need to give to poor s holes before it is proven that s hole people make s holes because they like s holes?
OH WAIT. As long as the grifters take their cut (hello Hillary) it will never stop.
Like a single dime of that was going to go anywhere but line the pocket of despots of piss-poor countries.
Only a foolish naife would think otherwise.
But what's another $10 billion?
How many FReepers got a 33% salary boost for all the pain and suffering caused by the GD federal government?
You forgot Rickets and low bowling scores!
The global poor want nikes, big screen TVs, and good drugs.
10% to the big guy.
The po’ can collect when they come here along with their free car to further clog our freeways
So happy they failed!
“ So we’re going to give them $100 billion so they can remain poor and undeveloped?”
How else are new palaces for tyrants with funny hats to be constructed?
These articles are so disjointed. Each paragraph is a random scattershot if quotes, names, statements, with no overall coherence.
“A target for rich countries to provide poor nations with $100 billion in aid each year to tackle global warming will be missed”
I’m sure Joe will step up and declare the US will foot the bill for those other poor “rich countries” who don’t want to pay.
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