Rich And Developing Nations Clash Over Climate Fund
Wealthy and developing nations were at loggerheads in talks Friday over a fund for the increasingly destructive impacts of global warming, as the president of next month's UN climate talks urged countries to "deliver". The United Nations (Rich and Developing Nations) are at odds over a fund set up to help vulnerable countries cope with climate "loss and damage" impacts, a key issue for richer nations who want China to contribute to the fund. The agreement was reached after a series of talks this year to establish consensus on fundamentals such as the structure, beneficiaries and contributors of the fund, which has been a priority for richer countries who want it to be funded by China. However, countries have left the details of the funding yet to be worked out later. The president of next month's UN climate talks, Sultan Al Jaber, has urged countries to "deliver" and pledged pledges of funding to ensure the fund is not an "empty bank account". This comes just weeks before the upcoming COP28 talks in Dubai, where developing countries accuse the United States and others of hindering progress. A proposal to place the fund within the World Bank has been controversial, with some countries arguing it would create a cumbersome bureaucracy.
Được phát hành : 2 năm trước qua AFP - Agence France Presse trong Finance
Wealthy and developing nations were at loggerheads in talks Friday over a fund for the increasingly destructive impacts of global warming, as the president of next month's UN climate talks urged countries to "deliver".
The agreement to set up a dedicated fund to help vulnerable countries cope with climate "loss and damage" was a flagship achievement of last year's COP27 talks in Egypt.
But countries left the details to be worked out later.
A series of talks held this year have tried to tease out consensus on fundamentals like the structure, beneficiaries and contributors -- a key issue for richer nations who want China to pay into the fund.
On the final day of meetings Friday, just weeks ahead of the November 30 to December 12 COP28 talks in Dubai, nations remained deadlocked, with developing countries accusing the United States and others of hindering progress.
"We are out of time," said Sultan Al Jaber, the president-designate of the COP28 talks.
He reiterated calls for countries to step up early with pledges of funding, to ensure the fund was not an "empty bank account".
In an address to negotiators, he said millions of people had continued to suffer the devastating impacts of climate change since the last COP, with this year seeing a relentless cascade of extremes across the planet.
"What are we doing about it? We continue to deliberate, we continue to negotiate, we continue to go in circles," said Jaber, who is also the head of United Arab Emirates state-owned oil firm ADNOC.
"If I don't see real and tangible results that will not be acceptable."
On Friday, an observer at the meeting said it was in "deadlock", with discussions notably stumbling over the location of the fund.
While many developing countries want a new, fully independent structure, other nations have argued this would create a cumbersome new bureaucracy that may take years to set up.
A proposal to place the fund within the World Bank has proved particularly contentious in recent days.
Climate campaigners blamed the United States for pushing the idea, which developing countries said was unacceptable.
"It is very unfortunate that some of our partners have come here with a very fixed idea of the World Bank," Pedro Luis Pedroso, the Cuban ambassador who chairs the important G77+China negotiating group, said on Thursday.
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