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Home Environment Developed nations pledge $9.3 billion to global climate fund at gathering in Germany

Developed nations pledge $9.3 billion to global climate fund at gathering in Germany

The pledged money at the conference in Bonn will be used to finance projects in developing and emerging nations between 2024 and 2027.

by NWMNewsDesk
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Developed countries pledged $9.3 billion to help poor nations tackle climate change at a conference held in the German city of Bonn on Thursday, authorities said. However, nongovernmental groups criticized the outcome, saying the funds fall short of what is needed to tackle climate change.

The pledged money at the conference in Bonn will be used to finance projects in developing and emerging nations between 2024 and 2027. The German government alone pledged 2 billion euros ($2.1 billion).

“The collected sum will likely turn out to be much higher,” the German Foreign Ministry and the German Ministry for Economic Cooperation and Development said in a joint statement.

Three quarters of contributing states increased their pledges, compared to the previous donor conference in 2019, including Germany, Austria and France. Denmark, Ireland and Liechtenstein doubled their pledges.

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There was no mention of pledges from the United States. The office of the U.S. climate envoy John Kerry was not immediately available for comment.

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