At the end of every annual UN climate conference, big promises are made. Funds to help developing countries transition from fossil fuels like oil and coal to green energies like wind and solar.
At the end of every annual UN climate conference, big promises are made. Funds to help developing countries transition from fossil fuels like oil and coal to green energies like wind and solar.
This is the best summary I could come up with:
Negotiators are debating how fast fossil fuels should be reduced and how a major transition to green energy would be paid for, raising the possibility of a historic agreement.
Previous summits have ended with funds established to help developing countries transition to green energies, pledges to slash pollution and promises to keep people most vulnerable at the center of policy discussions.
But Kyoto is still considered a landmark moment in the fight against climate change because it was first time so many countries recognized the problem and pledged to act on it.
But Oxfam, a group focused on anti-poverty efforts, said it’s likely that 70% of the funds were in the form of loans that actually increased the debt crisis in developing countries.
It wasn’t until 2015 that a global pact to fight climate change was adopted by nearly 200 nations, which called on the world to collectively slash greenhouse gases.
Scientists agree that the 1.5 threshold needs to be upheld because every tenth of a degree of warming brings even more disastrous consequences, in the form of extreme weather events, for an already hot planet.
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helping developing countries by giving them predatory loans and putting them into more debt under the guise of fixing climate change is honestly just so on brand for the world right now.
It’d take something pretty wild to surprise me at this point.