European countries makes climate pledges

European countries makes climate pledges
Spread the love

Islam News – Wealthy nations have long resisted calls from developing countries to shoulder the costs of climate change. At last year’s U.N. climate summit, only one, Scotland, made any sort of pledge.

But at COP27, the dam may have begun to break.

Yesterday, Scotland pledged $5.7 million.Then, Ireland pledged $10 million, followed by Austria, which said it would pay around $50 million to vulnerable developing countries. Belgium, Denmark and Germany made similar pledges. Ursula von der Leyen, the president of the European Commission, endorsed the idea.

All eyes are now on the U.S., which has not agreed to new funds for poorer nations affected by climate change. Emmanuel Macron, the president of France, sent up a not-too-veiled flare yesterday to Washington. “Pressure must be put on rich non-European countries,” he continued, “‘You have to pay your fair share.’”

The U.S. plan: The Biden administration wants corporations to fund renewable projects in developing countries — and then count the resulting emissions cuts toward their own goals. Payments from companies would then go to countries struggling to adopt renewable energy. The E.U. and U.N. are skeptical.

Keeping tabs: The top four emitters — China, the U.S., the European Union and India — aren’t meeting their climate goals.

Source: The New York Times

Islam News