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Chinese President urges rich nations to pay for damage
Highlights
Chinese President Xi Jinping called on Monday for rich nations to honour their commitment to provide $100 billion a year to developing countries to tackle climate change.
Chinese President Xi Jinping called on Monday for rich nations to honour their commitment to provide $100 billion a year to developing countries to tackle climate change.
Mr Xi told the UN climate summit in Paris that developed countries should accept “more shared responsibilities” for limiting global warming and helping poor countries adapt to a climate-afflicted world.
“Developed countries should honour their commitment of mobilising $100 billion each year from 2020 and provide stronger financial support to developing countries afterwards,” Mr Xi said.
“It is also important that climate-friendly technologies be transferred to developing countries.” Rich nations pledged at a UN summit in Copenhagen in 2009 to muster $100 billion (94 billion euros) annually in financial support to poor countries starting in 2020.
The money is meant to help them cut greenhouse gas emissions that drive global warming. However, six years later, poor nations are frustrated that rich countries are yet to fully commit to the fund.
The debate over the money highlights a long-standing feud between rich and poor nations over how to distribute responsibility for tackling climate change. While China and the US have pledged to work together, Mr Xi made clear on Monday that poor nations should not have to sacrifice economic growth.
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