Arab Today, arab today green climate fund pledges reach 93bn
Last Updated : GMT 12:19:39
Arab Today, arab today
Arab Today, arab today

Green Climate Fund pledges 'reach $9.3bn'

Arab Today, arab today

Arab Today, arab today Green Climate Fund pledges 'reach $9.3bn'

Projects such as solar and wind farms
Berlin - AFP

Thirty nations meeting in Berlin Thursday pledged $9.3 billion (7.4 bn euros) for a fund to help developing countries cut emissions and prepare for global warming, said German Environment Minister Gerd Mueller.
The South Korea-based Green Climate Fund aims to help nations invest in clean energy and green technology and build up defences against rising seas and worsening storms, floods and droughts.
Agreeing a value Hitting the initial goal for the so-called Green Climate Fund would be seen as a key step ahead of international talks in Peru next month, and in France a year later, on slashing worldwide carbon emissions.
The South Korea-based fund aims to help developing nations invest in clean energy and green technology and build up defences against rising seas and worsening storms, floods and droughts.
It would help those countries least to blame for, but most at risk from, climate change with grants, loans and private capital for projects such as solar and wind farms, planting trees or disaster-proofing infrastructure.
The Berlin pledging event will allow the more than 30 countries participating "to show leadership in tackling one of the greatest threats to humankind," said Hela Cheikhrouhou, the GCF's executive director.
UN climate chief Christiana Figueres has called for an initial capitalisation of at least $10 billion by the end of the year, to be disbursed over four years from 2015.
The United States days ago pledged $3 billion and Japan $1.5 billion, after Germany and France promised $1 billion each, and Sweden over $500 million.
Britain was set to pledge 720 million pounds or about $1.1 billion, the Guardian daily reported citing Energy Secretary Ed Davey, with the money coming from an existing UK climate aid fund.
Smaller amounts totalling less than $1 billion between them have been offered by Switzerland, South Korea, the Netherlands, Denmark, Norway, Mexico, Luxembourg and the Czech Republic.
- Melting ice, extreme weather -
The fund is seen as a step toward a far more ambitious goal set at the Copenhagen climate summit five years ago -- for the world to "mobilise" $100 billion a year for broader climate finance by 2020.
UN climate experts have cautioned there is no time to lose in the battle against global warming, which the world body's chief Ban Ki-moon last week labelled "the defining issue of our times".
The UN Intergovernmental Panel on Climate Change warned this month that time is running out to limit warming to two degrees Celsius (3.6 degrees Fahrenheit) by 2100 from pre-industrial levels.
They said Earth is on a likely trajectory for at least four degrees Celsius warming -- a recipe for melting ice caps, extreme weather events, habitat and species loss and conflict for resources.
The UN Emissions Gap report released Wednesday reiterated that pollution is still rising and urged action for global carbon neutrality by mid-to-late century.
"This report is telling us that we are pointing in the wrong direction -- and time is running out for us to get back on track," said Taryn Fransen of co-authors the World Resources Institute.
After years that saw little progress in climate talks, the world's two biggest economies and top polluters, China and the United States, earlier this month agreed to new targets.
At a Beijing meeting, President Barack Obama committed the United States to reducing its greenhouse gas emissions 26-28 percent by 2025 compared to two decades earlier.
China, the world's top polluter, agreed for the first time to slow emissions growth and ultimately reverse it after emissions peaking "around 2030."
The 28-nation European Union, the third-largest greenhouse gas producer, has pledged to cut its emissions by at least 40 percent by 2030 from 1990 levels.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today green climate fund pledges reach 93bn Arab Today, arab today green climate fund pledges reach 93bn

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today green climate fund pledges reach 93bn Arab Today, arab today green climate fund pledges reach 93bn

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday