Monday, October 25, 2021
Compensation for poorer countries
Rich countries pay 100 billion for the climate
The commitment in favor of poorer countries was made in 2009 and should have been paid long ago. Now rich countries want to keep their promise at least until 2023 and pay 100 billion euros in compensation for the consequences of climate change. But that’s not all.
Richer countries want to keep their aid pledges for the consequences of climate change by 2023. This was announced by the British organizers in the run-up to the World Climate Conference in Glasgow. 100 billion dollars will then be available per year from the year after next – for the benefit of poorer countries, which are often hardest hit by the consequences of climate change.
Based on an analysis by the industrialized nations organization OECD, there will be significant progress in 2022. The 100 billion target should then be achieved in 2023. In the years that followed, it should even be more than $ 100 billion.
Germany, Canada and Great Britain in particular have recently increased their commitments significantly. The commitment in favor of poorer countries was made in 2009. By 2020, the target should actually have been implemented. It was then postponed to 2025.
At the UN climate conference in Glasgow, Scotland (COP26), negotiations will begin at the end of this week to tighten up the previous global climate protection plans. The conference is seen as crucial in setting international emission reduction targets to slow global warming.