Saturday, 5 Jul 2025
America Age
  • Trending
  • World
  • Politics
  • Opinion
  • Business
    • Economy
    • Real Estate
    • Money
    • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion / Beauty
    • Art & Books
    • Culture
  • Health
  • Sports
  • Entertainment
Font ResizerAa
America AgeAmerica Age
Search
  • Trending
  • World
  • Politics
  • Opinion
  • Business
    • Economy
    • Real Estate
    • Money
    • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion / Beauty
    • Art & Books
    • Culture
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© 2024 America Age. All Rights Reserved.
America Age > Blog > World > Chart: These rich countries are falling far short on their climate pledges
World

Chart: These rich countries are falling far short on their climate pledges

Enspirers | Editorial Board
Share
Chart: These rich countries are falling far short on their climate pledges
SHARE

Canary Media’s chart of the week translates crucial data about the clean energy transition into a visual format.

During the U.N. climate talks in Copenhagen in 2009, wealthy nations agreed to start contributing $100 billion per year by 2020 to help developing countries cope with climate change. They failed to meet that goal, contributing only $83 billion in climate finance in 2020, the most recent year for which data is available, according to the Organisation for Economic Co-operation and Development (OECD). The U.S., Canada and a handful of other rich nations have fallen especially short of paying their “fair share,” according to new analysis from Carbon Brief.

The agreed-upon $100 billion target did not specify how much each wealthy country should pay, so climate news outlet Carbon Brief came up with a formula that calls on each country to contribute a fair share that reflects its historical greenhouse gas emissions — essentially, its overall contribution to the climate crisis. It found that a number of countries are exceeding their fair share of financing, leading with Switzerland, Norway, France and the Netherlands.

At the other end of the spectrum, the U.S., which bears the most responsibility for causing climate change, has paid the least of its fair share — less than $8 billion in 2020, just 19% of the $40 billion that the Carbon Brief analysis determined the country should pay.

Even countries that look good on the chart are coming in for criticism, though. Developing nations have asked for climate finance to come in the form of grants rather than loans, but some of the countries with the biggest surpluses above have given much of that money in the form of loans.

And $100 billion a year falls far short of what developing countries will really need in order to simultaneously develop clean energy systems and deal with climate disasters. One new report out this week calls for an order of magnitude more — $1 trillion in climate finance per year by 2030 for developing countries and emerging economies excluding China.

At the COP27 U.N. climate conference now underway in Egypt, there are small signs of progress as some rich nations make new pledges for climate finance. But don’t expect much more from the U.S. in the next few years. If Republicans take control of the U.S. House, as they look to be on track to do, “you’re not going to see that money,” U.S. Climate Envoy John Kerry said during a COP27 panel discussion.

Share This Article
Twitter Email Copy Link Print
Previous Article ‘Wakanda Forever’ cast on how film explores shared experiences of Black and Latinx people: ‘Our wounds are so similar’ ‘Wakanda Forever’ cast on how film explores shared experiences of Black and Latinx people: ‘Our wounds are so similar’
Next Article Gallagher, Comedian Known for Smashing Watermelons, Dies at 76 Gallagher, Comedian Known for Smashing Watermelons, Dies at 76

Your Trusted Source for Accurate and Timely Updates!

Our commitment to accuracy, impartiality, and delivering breaking news as it happens has earned us the trust of a vast audience. Stay ahead with real-time updates on the latest events, trends.
FacebookLike
TwitterFollow
InstagramFollow
LinkedInFollow
MediumFollow
QuoraFollow
- Advertisement -
Ad image

Popular Posts

Three New Business Models to Achieve Carbon-Reduction Goals

NORTHAMPTON, MA / ACCESSWIRE / September 23, 2022 / Tetra Tech: Tetra Tech's Rodrigo Chaparro,…

By Enspirers | Editorial Board

Abortion ban legislation adds to political challenge for GOP

CONCORD, N.H. (AP) — Don Bolduc didn't have much time to celebrate winning the Republican…

By Enspirers | Editorial Board

Prosecutor: Donald Trump knew about exec’s tax fraud scheme

NEW YORK (AP) — Donald Trump “knew exactly what was going on" with top Trump…

By Enspirers | Editorial Board

One of the best offers beneath $50 within the Amazon Massive Spring Sale

Desk of Contents Desk of Contents Desk of Contents Sensible residence offers beneath $50 Streaming…

By Enspirers | Editorial Board

You Might Also Like

Oasis reunion tour: observe the primary gig in Cardiff – reside!
World

Oasis reunion tour: observe the primary gig in Cardiff – reside!

By Enspirers | Editorial Board
First Factor: ‘Corrupt kleptocracy’ – Democrats livid over passage of Trump invoice
World

First Factor: ‘Corrupt kleptocracy’ – Democrats livid over passage of Trump invoice

By Enspirers | Editorial Board
Dwelling secretary rejects Zarah Sultana’s declare Labour failing to enhance lives – UK politics reside
World

Dwelling secretary rejects Zarah Sultana’s declare Labour failing to enhance lives – UK politics reside

By Enspirers | Editorial Board
Russia launches a whole bunch of drones at Ukraine simply hours after Putin-Trump name – Europe reside
World

Russia launches a whole bunch of drones at Ukraine simply hours after Putin-Trump name – Europe reside

By Enspirers | Editorial Board
America Age
Facebook Twitter Youtube

About US


America Age: Your instant connection to breaking stories and live updates. Stay informed with our real-time coverage across politics, tech, entertainment, and more. Your reliable source for 24/7 news.

Company
  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement
Contact Us
  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability
Terms of Use
  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices
© 2024 America Age. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?