Industrialized countries commit 8.9 billion euros against climate change


Berlin, Oct 5 (EFE).- Industrialized countries have today committed 9.3 billion dollars (8.9 billion euros) to support developing states in the fight against climate change, at a donor conference held this Thursday in Bonn (western Germany).

These resources will finance between 2024 and 2027 projects that serve to promote the energy transition in developing countries and better adapt to the consequences of climate change, reported the German Ministry of the Environment, organizer of the conference.

A total of 25 countries have committed resources to the Green Climate Fund (GCF), while another five announced that they will do so soon, according to a statement from the Ministry, which noted that therefore the total amount could be even higher.

“The Bonn conference sends a sign of solidarity: in the fight against climate change the world is united,” declared the German Environment Minister, the Green Svenja Schulze.

About three quarters of the approximately forty participating states have increased their contribution compared to the last conference in 2019, including Germany (which has increased from 1.5 billion to 2 billion euros), France and Denmark, according to the note.

In a pre-recorded message broadcast at the beginning of the conference, German Chancellor Olaf Scholz expressed the hope that this year it will finally be possible to meet the goal of raising $100 billion so that the most disadvantaged countries can fight climate change. amount that was originally planned for 2020.

Several civil society organizations criticized, on the other hand, that the funds committed this Thursday by industrialized nations are insufficient in view of the scale of the impact of climate change and denounced that large polluters such as the United States have not contributed anything.

The Green Climate Fund emerged in 2010 and has received donations from around fifty countries in 2014 and 2019, accumulating a total of $19 billion until then. It is one of the largest climate funds globally and finances measures such as promoting renewable energy and adaptation to climate change.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button