Current:Home > reviewsDeveloped nations pledge $9.3 billion to global climate fund at gathering in Germany -FundTrack
Developed nations pledge $9.3 billion to global climate fund at gathering in Germany
View
Date:2025-04-14 13:09:13
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! (7)
Related
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- Need a new credit card? It can take almost two months to get a replacement
- Inside Clean Energy: How Soon Will An EV Cost the Same as a Gasoline Vehicle? Sooner Than You Think.
- Missing Titanic Sub: Cardi B Slams Billionaire's Stepson for Attending Blink-182 Concert Amid Search
- Average rate on 30
- Amazon Prime Day 2023: Everything You Need to Know to Get the Best Deals
- Bebe Rexha Breaks Silence After Concertgoer Is Arrested for Throwing Phone at Her in NYC
- Baby's first market failure
- Travis Hunter, the 2
- These $19 Lounge Shorts With Pockets Have 13,300+ 5-Star Amazon Reviews
Ranking
- Tom Holland's New Venture Revealed
- Southwest's COO will tell senators 'we messed up' over the holiday travel meltdown
- Celsius founder Alex Mashinsky arrested and charged with fraud
- MyPillow is auctioning equipment after a sales slump. Mike Lindell blames cancel culture.
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- Warming Trends: Shakespeare, Dogs and Climate Change on British TV; Less Crowded Hiking Trails; and Toilet Paper Flunks Out
- The Chess Game Continues: Exxon, Under Pressure, Says it Will Take More Steps to Cut Emissions. Investors Are Not Impressed
- Warming Trends: Cruise Ship Impacts, a Vehicle Inside the Hurricane’s Eye and Anticipating Climate Tipping Points
Recommendation
McConnell absent from Senate on Thursday as he recovers from fall in Capitol
Zoom is the latest tech firm to announce layoffs, and its CEO will take a 98% pay cut
Amazon Shoppers Swear By This $22 Pack of Boy Shorts to Prevent Chafing While Wearing Dresses
Justice Dept to appeal length of prison sentences for Stewart Rhodes, Oath Keepers for Jan. 6 attack
How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
Disney CEO Bob Iger extends contract for an additional 2 years, through 2026
Fox News sued for defamation by two-time Trump voter Ray Epps over Jan. 6 conspiracy claims
Wildfire Smoke: An Emerging Threat to West Coast Wines