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Climate finance hopes for poor nations shift to G7 summit as Merkel disappoints
(Reuters, 6 May 2021) Rich governments are being urged to deliver on an unmet pledge of funding to help developing countries tackle climate change at June's G7 summit and raise it after 2025.
Germany and Britain are piling pressure on other G7 nations to boost the funding they provide for climate action in developing countries this decade, even though Germany did not offer more finance at an international gathering on Thursday.
Ahead of this week's Petersberg Climate Dialogue, climate and development experts and former U.N. chief Ban Ki-moon had urged Germany to commit to doubling its public climate finance by 2025 to an annual 8 billion euros ($9.6 billion), up from about 4 billion now.
But outgoing German Chancellor Angela Merkel said only that Germany's total climate support - including public and private sources of money - had reached nearly 7.6 billion euros in 2019.
She described that as a "fair contribution" and did not indicate the level of finance Germany would provide beyond 2020.
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Reuters, 6 May 2021: Climate finance hopes for poor nations shift to G7 summit as Merkel disappoints
