A draft at the UN climate summit proposes that rich countries pay 250 billion dollars a year to poor countries. The money will enable the countries to acquire more renewable energy and adapt to increasing challenges as a result of climate change. The proposed agreement now contains a sum. Photo: Peter Dejong / AP After almost two weeks of negotiations, this is the first formal proposal with a concrete sum of money. Matilde Angeltveit in the Norwegian Church Aid says the proposal is a mockery of vulnerable people in developing countries, who face the catastrophic consequences of climate change. – Totally inadequate. Activists demonstrate on the eve of the climate summit in Baku. Photo: Aziz Karimov / Reuters Jasper Invento leads the Greenpeace delegation at the summit and believes the proposal is scandalously far from the needs of developing countries. – Inadequate and inconsistent with the effects of climate change. Agreement on Friday Pressure is increasing on the climate summit in Baku. The developing countries have requested that the financing from rich countries end at 1,300 billion dollars a year. In the proposal, they thus receive 250 billion dollars a year from rich countries. A proposal for the text of the agreement is being studied. Photo: Peter Dejong / AP Climate and Environment Minister Tore O. Sandvik believes in a solution. – $250 billion is a very high figure. We think it could be a solution. -Norway has also said that we want more contributors, more countries with capacity must contribute to climate finance, he says. Who will pay is still vague: People go from saying that it is the responsibility of rich countries to that they must take the lead to ensure that the target is reached and that developing countries are encouraged to contribute more. In addition, all countries are encouraged to work so that the target can be increased to 1,300 billion dollars by 2035. The agreement proposal is being studied. Photo: Peter Dejong / AP The draft is in line with what several indicated earlier. One of them is Mary Robinson, former president of Ireland who is very committed to the climate issue. She says that it is crucial that rich countries pay. But she said on Thursday evening that the budgets of the rich countries are already under great pressure due to Covid, the war in Ukraine and other conflicts. – You cannot squeeze out more, where there is no more to squeeze out, she says to The Guardian. Major contributors such as the EU have said that the demands from the developing countries of 1,300 billion dollars per year are unrealistic and that the private sector must pay more, writes the AFP news agency. The agreement should be ready today, but so far only a draft exists. It is common for these meetings to go into overtime, so even if the agreement is not ready today, it may come during the weekend. – Scroll up In 2015, a target was set that rich countries should pay 100 billion dollars a year. The target was reached in 2022. Now a new amount must be determined. – Turn up the page, is the message from the demonstrators. Photo: Sergei Grits / AP The discussion revolves around who will pay and how much. The developing countries demand that the rich countries pay for emissions from fossil energy over several decades. A difficult topic has been whether countries such as China and India should contribute. They are defined as developing countries, but have had great economic growth in recent years. Among other things, the EU believes that China, which is the world’s largest emitter of greenhouse gases, must contribute. Frustration and criticism During the climate summit there has been a lot of frustration and sharp criticism from several countries. Activists dressed as clowns took part in the climate finance demonstration on Friday. Photo: Sergei Grits / AP – This has become a tragic performance, a clown show. Because when we get to the last minute, we always get a text that is just so weak. Panama’s chief negotiator Juan Carlos Monterrey Gómez told the Reuters news agency before the latest proposal was presented. Already after the first speech from the host country’s president, Ilham Alijev, there were strong reactions. From the pulpit, he said that oil and gas were “a gift from God”. – It is absurd that oil countries that are so dependent on selling oil and gas are hosting the climate summits, former US Vice President Al Gore told the AFP news agency during the summit. Published 22.11.2024, at 12.33 Updated 22.11.2024, at 16.36
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