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Manila Bulletin devider devider Pledges for global climate fund reach about $11 billion

Pledges for global climate fund reach about $11 billion

Published Oct 25, 2019 06:09 pm
By the Associated Press  PARIS — France's finance minister says pledges to replenish an international fund meant to help poor nations tackle climate change will reach nearly 10 billion euros ($11 billion). Climate change activists gather for a march and rally with Swedish climate activist Greta Thunberg at the Alberta Legislature Building in Edmonton, Alberta, on Friday, Oct. 18, 2019. (Dave Chidley/The Canadian Press via AP) Climate change activists gather for a march and rally with Swedish climate activist Greta Thunberg at the Alberta Legislature Building in Edmonton, Alberta, on Friday, Oct. 18, 2019. (Dave Chidley/The Canadian Press via AP/MANILA BULLETIN) Finance Minister Bruno Le Maire, speaking at a conference in Paris set to replenish the Green Climate Fund, said "it's a great success." He added "this is a European success," noting that almost half of the amount is provided by France, Germany, and Britain alone. US President Donald Trump's decision to withhold $2 billion of the $3 billion pledged by his predecessor, Barack Obama, has contributed to a shortfall at the fund that other countries have struggled to fill. The meeting takes place a little over a month before the U.N.'s annual climate conference, which will be held in Santiago, Chile, this year.
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