To counter China, G7 leaders agree increased climate finance

Some green groups were unimpressed with the climate pledges, with Greenpeace UK saying host British Prime Minister Boris Johnson had "simply reheated old promises".

14 June 2021 | International

ELIZABETH PIPER

CARBIS BAY

G7 leaders were expected on Sunday to commit to increasing their climate finance contributions to meet an overdue spending pledge of $100 billion a year to help poorer countries cut carbon emissions and cope with global warming.

As part of plans billed as helping speed the finance of infrastructure projects in developing countries and a shift to renewable and sustainable technology, the world's seven most advanced economies will again pledge to meet the target.

At the G7 summit in southwestern England, there was a clear push by the leaders to try to counter China's increasing influence in the world, particularly in developing nations.

They signalled their desire to build a rival to Beijing's multi-trillion-dollar Belt and Road initiative but the details were few and far between.

Some green groups were unimpressed with the climate pledges, with Greenpeace UK saying host British Prime Minister Boris Johnson had "simply reheated old promises" and that it would take "nothing for granted" until nations came up with the money.

"Protecting our planet is the most important thing we as leaders can do for our people," Johnson said in a statement.

"As democratic nations we have a responsibility to help developing countries reap the benefits of clean growth through a fair and transparent system. The G7 has an unprecedented opportunity to drive a global Green Industrial Revolution, with the potential to transform the way we live."

It gave no details of or numbers for the new commitments.

A spokesman for Johnson confirmed that all the G7 nations would up their contributions and said he expected the individual nations to set out the size of the increases "in due course".

PLEDGE OVERDUE

Developed countries agreed at the United Nations in 2009 to together contribute $100 billion each year by 2020 in climate finance to poorer countries, many of whom are grappling with rising seas, storms and droughts made worse by climate change.

That target was not met, derailed in part by the coronavirus pandemic which forced the British government to postpone the United Nations' Climate Change Conference (COP26) until this year.

G7 leaders are also expected to set out action to cut carbon emissions, including measures such as ending almost all direct government support for the fossil fuel energy sector overseas and phasing out petrol and diesel cars.

"The natural world today is greatly diminished. That is undeniable. Our climate is warming fast. That is beyond doubt. Our societies and nations are unequal and that is sadly is plain to see," said British naturalist David Attenborough, the people's advocate for COP26.

Attenborough addressed leaders via video message yesterday.

He said the question for 2021 was whether the world was on the verge of destabilising the planet. "If that is so, then the decisions we make this decade - in particular the decisions made by the most economically advanced nations - are the most important in human history."

Greenpeace UK's executive director, John Sauven, described the track record of rich nations in honouring their commitments as "dismal" and Johnson of failing to take "real action to tackle the climate and nature emergency".

"While commitments to provide more support to developing nations are absolutely vital, until they cough up the cash, we're taking nothing for granted," he said in a statement.

Similar News

 

India restricts religious festivals

2 weeks ago - 09 September 2021 | International

NAMPA-AFP MumbaiIndian authorities are restricting major religious festivals that start this week and attract huge crowds, warning...

California moves to outlaw 'stealthing'

2 weeks ago - 09 September 2021 | International

NAMPA-AP CALIFORNIACalifornia lawmakers moved to make the state the first to outlaw ‘stealthing’, which is removing a condom without permission during intercourse. Legislators...

Voting underway in Morocco legislative, local polls

2 weeks ago - 09 September 2021 | International

NAMPA-AFP RabatMoroccans began voting yesterday in parliamentary and local elections that will decide the fate of Islamists who have governed the...

Covid: Sydney cases top 2 000 a day

2 weeks ago - 07 September 2021 | International

NAMPA-REUTERS SYDNEYSydney, the epicentre of Australia's biggest coronavirus outbreak, is expected to see daily...

Taliban claim control of Panjshir, promise formation of government...

2 weeks ago - 07 September 2021 | International

NAMPA-REUTERS KABULThe Taliban claimed victory over opposition forces in the Panjshir valley north-east of Kabul yesterday, declaring that it completed the Islamist...

Marchers walk 7 000 steps for Canadian pair detained...

2 weeks ago - 07 September 2021 | International

NAMPA/AFP OttawaHundreds of supporters of two Canadian men being held in China on what Ottawa says are specious charges marched 7 000 steps through...

Tanzania court dismisses objections to opposition leader's trial

3 weeks ago - 02 September 2021 | International

AFPTANZANIAThe terrorism case against the leader of Tanzania's main opposition party can go ahead as planned, a high court judge in Dar es Salaam said...

Tigrayan forces allegedly looted aid warehouses in Ethiopia

3 weeks ago - 02 September 2021 | International

REUTERSADDIS ABABAForces from Ethiopia's Tigray region in recent weeks looted warehouses belonging to the US government's humanitarian agency in the Amhara region, USAID's mission director...

Geingob's talks with Mnangwagwa led to vaccine donation

3 weeks ago - 01 September 2021 | International

NAMPAWINDHOEKThe donation of 20 000 doses of Sinopharm vaccine by Zimbabwe followed a discussion between President Hage Geingob and that country's President Emmerson Mnangagwa on...

Decolonise the language of science

1 month - 23 August 2021 | International

SARAH WILD / NATURE MAGAZINEThere’s no original isiZulu word for dinosaur. Germs are called amagciwane, but there are no separate words for viruses or bacteria....

Latest News

Marketing Namibia as an investment...

19 hours ago | Economics

PHILLEPUS UUSIKUThe ease of doing business, quality of roads and infrastructure, political and economic stability, good governance and judiciary independence are some of the factors...

Forklifting failure

19 hours ago | Others

Natasja ByleveldAre you OK thinking about unconventional ideas that could uplift society and norms to a higher standard? Do you like a challenge, or do...

Big thinker who is not...

19 hours ago | People

Contrasting with his considered, analytical, and steady approach to life, Rolf Mendelsohn is an undisputed adventurer. Together with the other founders of Paratus, Rolf...

Children abused as govt turns...

19 hours ago | Police

JEMIMA BEUKES WINDHOEKStaff at a centre for orphans and vulnerable people in Katutura...

Economy crawls into the green

19 hours ago | Economics

Jo-Maré Duddy WINDHOEKNamibia’s economy grew by 1.6% for the three months ended 30 June, the first positive year-on-year quarterly growth since the...

Oxygen giant spreads misinformation in...

19 hours ago | Health

MADLEN DAVIES and TUYEIMO HAIDULA LONDON/OSHAKATI One of the world’s biggest industrial gas companies spread misinformation in an attempt to stop...

Nigeria aims to boost oil...

19 hours ago | Economics

Nigeria said Wednesday it aims to produce 1.88 million barrels per day of crude oil next year and the budget will be based on the...

Submissions open for Hollard Sport...

19 hours ago | Economics

STAFF REPORTERLockdown and the limitations on gatherings and events have driven those in the sports marketing and promotional space to have to adapt, digitise, dig...

An easy ride-hailing platform

19 hours ago | Others

Wetumwene Shikage The everyday experience for many Namibians of getting a taxi to from different locations has been made more convenient. TaxiConnect provides an easy...

Load More