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China, Brazil urge developed countries to meet climate finance pledges

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China and Brazil, whose leaders met on Friday, called on developed countries to keep their promises to provide $100 billion a year to poorer nations to combat climate change.

“We continue to be very concerned that climate finance provided by developed countries continues to fall short of the $100 billion per year commitment, as it has every year since the goal was set in 2009,” a joint statement said after a meeting between Presidents Xi Jinping and Luiz Inacio Lula da Silva in Beijing.

“We urge developed countries to honour their unfulfilled climate finance obligations, and… provide a clear roadmap of doubling adaptation finance.”

The United States, Europe and other wealthy nations have never reached their goal of providing $100 billion a year in climate finance for poorer countries by 2020, which was set at UN climate talks in Copenhagen in 2009.

The actual funding level reached just $83.3 billion in 2020, according to a report last July by the Organisation for Economic Co-operation and Development (OECD).

Developing countries have long urged the developed world to provide more climate funding, given that poorer nations have caused just a small fraction of humanity’s carbon emissions but are suffering the most from worsening floods, draughts and other impacts of global warming.

Developing countries have also long called for separate funding for projects to prepare for and mitigate the impacts of climate change.

The last UN climate talks, held in Egypt, concluded in November with a hard-won deal to create such a fund.

China’s status as a “developing country” at climate talks, which it was given in 1992, has been a controversial subject as the country’s carbon emissions have soared in recent years.

China is now the second-biggest source of historic greenhouse gas emissions, at 11 percent, second only to the United States, at 20 percent, according to climate policy site Carbon Brief.

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AFP

Agence France-Presse (AFP) is a French international news agency headquartered in Paris, France. Founded in 1835 as Havas, it is the world's oldest news agency.







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