Loading page
News of Bahrain
World28 June 20152 min read

Brazil, China, India, South Africa insists on climate financing

New York Brazil, China, India and South Africa voiced disappointment yesterday over the failure of rich countries to come up with billions of dollars needed to help them sign on to a landmark climate change deal. Ministers and top negotiators from the four key countries met in Ne

Editorial Team Legacy

Published 28 June 2015, 8:00 · Updated 21:42

Link copied
Brazil, China, India, South Africa insists on climate financing

New York

Brazil, China, India and South Africa voiced disappointment yesterday over the failure of rich countries to come up with billions of dollars needed to help them sign on to a landmark climate change deal.

Ministers and top negotiators from the four key countries met in New York to close ranks as talks on the climate deal head into crucial months before a Paris conference in December.

In a joint statement, they expressed "disappointment over the continued lack of any clear roadmap for developed countries to provide $100 billion per year by 2020, as well as on substantially scaling up financial support after 2020."

The world's developed countries agreed in 2010 to mobilize $100 billion a year by 2020 to help poorer nations adapt to the impacts of climate change and reduce their emissions.

Those commitments have fallen short by about $70 billion, according to the World Bank.

"There is still a clear expectation and so I hope the developing countries can fulfill their commitment before the Paris meeting," China's envoy for climate change Xie Zhenhua told reporters.

World governments will try to forge a new global deal to address climate change at a UN climate conference in December, with both developed and developing countries committing to cutting greenhouse gas emissions.

Editorial Team Legacy

The legacy import form the old website to the new!

Editorial Team Legacy.

More from this writer

Join the conversation

Sign in to leave a comment. Every comment is reviewed before it goes live.

No comments yet. Start the conversation.