Thursday, February 22, 2024
HomeENVIRONMENTAL NEWSGermany wants China in on poor country climate damage fund plan

Germany wants China in on poor country climate damage fund plan

Following the financial pledge by Germany and the United Arab Emirates (UAE) to compensate particularly vulnerable countries for climate damage, German Development Minister Svenja Schulze has called for China to participate.

“China and other emerging countries should also follow the example of the United Arab Emirates and participate in the new fund,” the minister said in comments to the news network Redaktionsnetzwerk Deutschland (RND) published on Friday.

The UAE’s decision to be the first Gulf state to pay into an official UN climate fund is a door opener.

“We are thus overcoming the old division between a small group of classic industrialized countries that participate in the financing and the rest,” said Schulze.

“This precedent makes it clear that countries like the Gulf States also have a responsibility. They emit a lot of CO2 themselves and can afford to support poorer countries in coping with climate damage.”

On the first day of the UN’s climate summit in Dubai, Germany and the UAE announced both will contribute $100 million each to assist countries most affected by climate change.

READ ALSO:German foreign minister calls for renewed Gaza humanitarian ceasefire

These nations, such as island states, expect rich industrialized countries in particular to help since they are the biggest polluters.

Britain, the United States and Japan also made smaller financial pledges.

This is the first time that money has been channelled into the loss and damage fund, which was agreed last year at the COP27 climate talks in Egypt.




Please enter your comment!
Please enter your name here

Most Popular

Recent Comments