environment

World set to miss goal of $100 bil climate aid pledged to poor

8 Comments
By FRANK JORDANS

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The report was compiled by Canada’s . . . Jonathan Wilkinson, and Germany’s . . . Jochen Flasbarth, who drew on data provided by the Paris-based Organization for Economic Cooperation and Development, which tracks international flows of climate finance. “Not all of our conversations were really (...) polite,” Flasbarth told reporters of the talks that had taken place with rich and poor nations in recent weeks. “There is disappointment and we share this disappointment,” he said. “But the result we have now is not bad enough (to allow) not to be constructive in Glasgow.”

Wilkinson and Flasbarth?

Yes, we know them. Politico Europe was apparently at the same press conference, and can provide us with more details.

Politico reported yesterday that Wilkinson and Flasbarth found that the shortfall [$100 billion a year meant to run from 2020 to 2025 would not be met until 2023;] was mostly due to a failure to mobilize private capital alongside public funds, and that the "financial promise is much too small" Wilkinson said: “We need to see trillions of dollars that are mobilized for this, not $100 billion."

Sharma, Wilkinson and Flasbarth went on to say that, while the rich world hadn’t hit the mark, the report could provide certainty that there was a commitment to arrive at the destination, even if with a delay. That, Wilkinson said, should give poorer countries “confidence that the monies are going to continue to flow over the course of the coming year.”

Flasbarth then told reporters: “The developed world did not deliver on the commitment.” That, he said, was “extremely unfortunate ... it's not right that the developed countries didn't do it in due time.”

https://www.politico.eu/article/rich-countries-break-totemic-100b-annual-climate-pledge-cop26-warming-co2/

I wondered who would be the first person to start throwing around the trillion dollar expectation before arrival in Glasgow. I had it down for it coming from one of the green NGOs who stand to benefit most handsomely from the free throw of cash (notice how the mantra is now for grants instead of loans?). Turns out to be the Canadians and the Germans.

0 ( +1 / -1 )

Just go bother Tesla, Amazon,Apple or any of the big companies instead. Some of the rich can afford to fly to space, so you should probably ask them.

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The rich aren't helping the poor?? Who could have guessed??

Oh, that's right, everyone.

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A target for rich countries to provide poor nations with $100 billion in aid each year to tackle global warming will be missed

Absolutely no surprise there.

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I would like to take a poll. Aren't people sick and tired of donating money to so called poor countries only to have it stolen by their governments to fatten their own bank accounts and do nothing for the poor people they dictate to?

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I dont see why they should be given anything. We are constantly being told that global warming threatens all the world's countries, so therefore it is in their own interests to help prevent this. They should not need to be bribed. And you don't need money not to cut down trees, or not to burn coal, or not to sell ICE cars.

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$100 billion? When talking about things at the scale of governments, that seems like nothing. There are individuals that have a net worth greatly in excess of that. Missing targets on climate change, poverty, medical care, or people going hungry while anyone has that much money is a societal failing. Heck, anyone having that much money is a societal failing.

Tax these companies and individuals even half of what they should be taxed, and you would easily meet these targets.

0 ( +0 / -0 )

Extinction Rebellion trying to educate the rich Germans who travel on their autobahns so fast that it is possible to see the fuel level dropping as they travel-ironic…

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