US says $100 billion soon to help poor nations with climate

Mar 9, 2022, 8:27 PM | Updated: 11:01 pm

UNITED NATIONS (AP) — U.S. climate envoy John Kerry said Wednesday he thinks rich countries can finally meet their pledge to provide $100 billion annually to help poor nations cope with climate change beginning this year — and will definitely reach that amount in 2023.

That would be at least two years later than the 2020 target set by developed countries at a U.N. climate summit in Copenhagen in 2009 for providing that funding to help developing countries adapt to global warming and mitigate further rises in temperature.

Kerry told an informal U.N. Security Council meeting on “Climate Finance for Sustaining Peace and Security” that President Joe Biden is committed to increasing U.S. funding to developing countries to help with climate change.

Last September, he said, Biden promised to increase annual U.S. climate finance to over $11 billion, quadrupling the funding from the 2009-2017 presidency of Barack Obama, when Biden was vice president.

“And that increase is going to help us to deliver on $100 billion,” Kerry said. “We’re doing just a little bit shy of that for 2022. It is absolutely clear we will have it for 2023. I still think we can get it for 2022.”

Kerry said as part of increased U.S. efforts at last November’s U.N. climate summit in Glasgow, Biden announced “an emergency plan for adaptation and resilience.” It “is going to help more than 500 million people in developing countries to be able to manage the impacts of the climate crisis by 2030,” he said.

He said the administration is working with the U.S. Congress to produce $3 billion annually for the program and to increase adaptation efforts for 2024. “It’s the largest kind of commitment like this that the United States has ever made in our history,” he said.

But Kerry said to totally fund the economic transition that all countries must make to tackle climate change, “it’s going to require not just $100 billion but trillions of dollars.”

“No single government — no group of governments — can meet the $2.5 trillion to $4.6 trillion deficit that we face in order to affect this transition,” he said.

He said the only way to mobilize those trillions is to work with the private sector. “The private sector will be critical to our success because there are trillions of dollars to legitimately invest in this transition,” Kerry said.

The United States is the second-largest emitter of greenhouse gases, with China the largest emitter and India the third-largest. Diplomats from the latter two countries, the world’s two most populous nations, also spoke at the council meeting, criticizing the failure of developed countries to meet their climate pledges, including on the $100 billion annually to developing countries.

China’s deputy U.N. ambassador, Dai Bing, said developed countries have “a moral responsibility” and a mandatory international obligation including under the 2015 Paris climate agreement to provide funding to developing countries because they are primarily responsible for climate change and carbon emissions.

He said studies by think tanks indicate that not only has the total amount of yearly financing from developed nations not reached $100 billion, “but there are also problems of inflating the numbers to including private sector green investments and non-climate change related investments in the calculation of official climate finance.”

Deputy Indian ambassador Ravindra Raguttahalli said developed countries had not only fallen short on providing access to climate finance but also to promises on mitigation and providing technologies to address climate change.

He cited a U.N. climate report released last week that said the “climate finance for adaptation is insufficient and constrains implementation of adaptation, and that globally tracked climate finance is targeted at mitigation and only a small proportion towards adaptation.”

“Affordable access to climate finance and technologies is critical to move forward on climate action,” Raguttahalli said. “Developed countries must provide climate finance of $1 trillion at the earliest,” and this must be new, additional and climate specific, not just diverted from existing government development aid to climate finance.

Sultan Al Jaber , the United Arab Emirates’ special envoy for climate change and minister of industry and advanced technology, said that “climate finance is one of the most important tools to manage climate risks,” but the $100 billion pledge still hasn’t been met.

Al Jaber, who chaired the meeting because the UAE holds the council presidency this month, said that many countries, including those affected by rising sea levels, have emphasized that $100 billion is not sufficient.

And he expressed hope that the U.N. climate summit in Egypt in November and the following meeting in the UAE in 2023 will raise ambitions and achieve “concrete solutions” to limit global warming.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

AP

Associated Press

2 rock climbers found dead in Southern California

IDYLLWILD, Calif. (AP) — Two rock climbers were found dead near a Southern California peak after rescue crews responded to reports of injuries, authorities said. Rescuers were called around 12:30 p.m. Wednesday to Tahquitz Rock near Idyllwild following a distress call, the Cal Fire/Riverside County Fire Department said on Twitter. A team managed to climb […]
21 hours ago
U.S. Vice President Kamala Harris, center left, stands next to the demarcation line at the demilita...
Associated Press

S. Korea, US and Japan hold anti-N. Korean submarine drills

SEOUL, South Korea (AP) — South Korea, U.S. and Japanese warships launched their first anti-submarine drills in five years on Friday, after North renewed ballistic missile tests this week in an apparent response to bilateral training by South Korean and U.S. forces. The North’s recent five missiles launches, the first such tests in a month, […]
21 hours ago
Miami Dolphins quarterback Tua Tagovailoa is taken off the field on a stretcher during the first ha...
Associated Press

Tagovailoa stretchered off field with head, neck injuries

CINCINNATI (AP) — Miami Dolphins quarterback Tua Tagovailoa sustained neck and head injuries after being slammed to the ground in Thursday’s game against the Cincinnati Bengals and was stretchered from the field. The Dolphins said Tagovailoa was conscious, had movement in all his extremities and was taken to University of Cincinnati Medical Center for further […]
21 hours ago
FILE - This photo shows an aerial view of former President Donald Trump's Mar-a-Lago club in Palm B...
Associated Press

Trump records probe: Tensions flare over special master

WASHINGTON (AP) — The parallel special master process spawned by the FBI search of Donald Trump’s Florida estate has slowed the Justice Department’s criminal investigation and exposed simmering tensions between department prosecutors and lawyers for the former president. As the probe into the presence of top-secret information at Mar-a-Lago continues, barbed comments in recent court […]
21 hours ago
FILE - Sheriff's deputies recover the remains of a victim of the Camp Fire in Paradise, Calif., Nov...
Associated Press

Ex-PG&E execs to pay $117M to settle lawsuit over wildfires

OAKLAND, Calif. (AP) — Former executives and directors of Pacific Gas & Electric have agreed to pay $117 million to settle a lawsuit over devastating 2017 and 2018 California wildfires sparked by the utility’s equipment, it was announced Thursday. The settlement was announced by the PG&E Fire Victim Trust, which was established to handle claims […]
21 hours ago
A consumer uses a Discover card to purchase gasoline at a Sam's Club in Madison, Miss., Thursday, J...
Associated Press

US economy drops at 0.6% annual rate from April through June

WASHINGTON (AP) — Battered by surging consumer prices and rising interest rates, the U.S. economy shrank at a 0.6% annual rate from April through June, the government announced Thursday, unchanged from its previous second-quarter estimate. It marked the second consecutive quarter of economic contraction, one informal rule of thumb for a recession. Most economists, citing […]
21 hours ago

Sponsored Articles

...
SCHWARTZ LASER EYE CENTER

Key dates for Arizona sports fans to look forward to this fall

Fall brings new beginnings in different ways for Arizona’s professional sports teams like the Cardinals and Coyotes.
...
Mayo Clinic Orthopedics and Sports Medicine

Why your student-athlete’s physical should be conducted by a sports medicine specialist

Dr. Anastasi from Mayo Clinic Orthopedics and Sports Medicine in Tempe answers some of the most common questions.
...
Day & Night Air Conditioning, Heating and Plumbing

Most plumbing problems can be fixed with regular maintenance

Instead of waiting for a problem to happen, experts suggest getting a head start on your plumbing maintenance.
US says $100 billion soon to help poor nations with climate