Wealthy nations urged to increase climate aid | Inquirer News

Wealthy nations urged to increase climate aid

/ 11:55 PM December 08, 2015

PARIS — Major developing countries taking part in climate talks outside Paris are calling on wealthy nations to increase their financial support to help poor countries to cope with global warming.

In a joint statement, the delegations of China, India, Brazil and South Africa urged rich nations to “progressively and substantially scale up their support” beyond their collective pledge of $100 billion in annual climate financing by 2020.

Indian Environment Minister Prakash Javadekar told reporters that rich countries “have not made much headway” toward the $100 billion that they pledged in 2009.

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Rich countries say they are on track to fulfill that pledge, pointing to an OECD report this year which said climate finance for developing countries reached $62 billion last year.

The rich nations are also encouraging some major developing nations including China to join the donors. China has pledged more than $3 billion in climate finance but stresses it’s a voluntary contribution.

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TAGS: COP21, News, world

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