'Total embarrassment': Denmark slams climate fund failure / Photo: Simon MALFATTO - AFP
-
Kenya's economy faces climate change risks: World Bank
-
Leftist New York mayor under pressure on Irish unity question
-
Iran vets friendly ships for Hormuz passage: trackers
-
Ships in Gulf risk shortages on board, industry warns
-
New particle discovered by Large Hadron Collider
-
US Fed expected to keep rates steady as Iran war impact looms
-
Kerr 'frustrated' at six-figure sum owed to him by Johnson's failed Grand Slam Track
-
Oil prices climb as fresh strikes target infrastructure
-
Belgian diplomat ordered to stand trial over 1961 Congo leader murder
-
War threatens Gulf's dugongs, turtles and birds
-
Germany targets oil firms to prevent wartime price gouging
-
EU to help reopen blocked oil pipeline in Ukraine
-
Cash handouts, fare hikes as Philippines battles soaring fuel costs
-
Indonesia weighs response to price pressures from Middle East war
-
In Hollywood, AI's no match for creativity, say top executives
-
Nvidia chief expects revenue of $1 trillion through 2027
-
Nvidia making AI module for outer space
-
Migrant workers bear brunt of Iran attacks in Gulf
-
Trump vows to 'take' Cuba as island reels from oil embargo
-
Equities rise on oil easing, with focus on Iran war and central banks
-
Nvidia rides 'claw' craze with AI agent platform
-
Damaged Russian tanker has 700 tonnes of fuel on board: Moscow
-
Talks towards international panel to tackle 'inequality emergency' begin at UN
-
EU talks energy as oil price soars
-
Swiss government rejects proposal to limit immigration
-
Ingredients of life discovered in Ryugu asteroid samples
-
Why Iranian drones are hard to stop
-
France threatens to block funds for India over climate inaction
-
"So proud": Irish hometown hails Oscar winner Jessie Buckley
-
European bank battle heats up as UniCredit swoops for Commerzbank
-
Italian bank UniCredit makes bid for Germany's Commerzbank
-
AI to drive growth despite geopolitics, Taiwan's Foxconn says
-
Filipinas seek abortions online in largely Catholic nation
-
'One Battle After Another' wins best picture Oscar
-
South Koreans bask in Oscars triumph for 'KPop Demon Hunters'
-
'One Battle After Another' dominates Oscars
-
Norway's Oscar winner 'Sentimental Value': a failing father seeks redemption
-
Indonesia firms in palm oil fraud probe supplied fuel majors
-
Milan-Cortina Paralympics end as a 'beacon of unity'
-
It's 'Sinners' vs 'One Battle' as Oscars day arrives
-
Oscars night: latest developments
-
US Fed expected to hold rates steady as Iran war roils outlook
-
It's 'Sinners' v 'One Battle' as Oscars day arrives
-
US mayors push back against data center boom as AI backlash grows
-
Who covers AI business blunders? Some insurers cautiously step up
-
Election campaign deepens Congo's generational divide
-
Courchevel super-G cancelled due to snow and fog
-
Middle East turmoil revives Norway push for Arctic drilling
-
Iran, US threaten attacks on oil facilities
-
Oscars: the 10 nominees for best picture
'Total embarrassment': Denmark slams climate fund failure
Denmark, an active foreign aid donor, on Tuesday slammed as a "total embarrassment" the fact rich nations have failed to raise a promised $100 billion a year to help poor countries battle climate change.
Dan Jorgensen, Denmark's development minister, told the UN Least Developed Countries summit that "trillions" would be needed in coming decades to control the fallout from rising temperatures.
The impact of a heating planet on the world's 46 poorest nations has been a key topic at the summit in Doha that ends Thursday.
Least developed countries account for four percent of polluting emissions but suffer more than two thirds of deaths from floods, storms and other climate related disasters, according to Simon Stiell, executive secretary of the UN Framework Convention on Climate Change.
"It is a total embarrassment that the developed world has not yet delivered on the $100 billion that was promised in 2009," Jorgensen said.
Rich nations promised at a climate conference in Copenhagen in 2009 that the sum would be given annually by 2020 but have so far only reached about $83 billion.
Denmark is one of a handful of Scandinavian-dominated countries that have passed a UN target to give 0.7 percent of gross national income in foreign aid.
Some developed nations have cut aid budgets because of the coronavirus pandemic while some European countries, including Denmark, have diverted foreign aid money to support refugees from the Ukraine war and other international crises.
Denmark is "delivering more than our share," said Jorgensen.
At a global level "we need to step up that financing," he added, arguing that "we need trillions, so 100 billion really should not be a problem".
France's minister of state for development Chrysoula Zacharopoulou said that her country wanted to step up negotiations on aid financing at a summit in Paris on June 22-23.
Stiell said that the COP28 climate conference to be held in the United Arab Emirates this year would be key for setting "milestones" and "targets" for future years.
He said his office was ready to help all LDC countries set up national action plans on climate change before the conference in November.
St.Ch.Baker--CPN
