John Kerry Says $100 Billion in Climate Aid Per Year Is Within Reach

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World|The U.S. says $100 cardinal a twelvemonth successful clime assistance for processing nations is wrong reach.

https://www.nytimes.com/2021/11/02/world/john-kerry-climate-aid-cop26.html

United States clime  envoy John Kerry spoke with Israeli Prime Minister Naftali Bennet astatine  a gathering  connected  the Global Methane Pledge astatine  COP26 successful  Glasgow, Scotland connected  Tuesday.
Credit...Erin Schaff/The New York Times

Somini Sengupta

  • Nov. 2, 2021, 12:03 p.m. ET

John Kerry, President Biden’s peculiar envoy connected clime change, said helium expected caller fiscal commitments to fulfill a long-delayed committedness to supply $100 cardinal a twelvemonth successful assistance for processing countries to combat and accommodate to planetary warming.

The latest diplomatic effort, led by Germany and Canada, aims to propulsion unneurotic that magnitude from wealthier donor countries by 2023 — 3 years down the timetable acceptable successful 2015 nether the Paris Agreement.

“I judge today, hopefully, that volition beryllium augmented,” Mr. Kerry said connected the sidelines of a gathering of a radical of countries known arsenic the High Ambition Coalition, astatine the COP26 clime acme successful Glasgow.

The United States has rejoined that coalition, Mr. Kerry announced Tuesday. That’s important due to the fact that that bloc has historically pushed for the toughest targets astatine planetary clime talks and was instrumental successful clinching the last woody connected the Paris Agreement. The United States had dropped from the conjugation erstwhile Mr. Biden’s predecessor, Donald J. Trump, withdrew from the Paris accord.

In a statement, the High Ambition Coalition rang the alarm that the satellite was acold disconnected way from the extremity of limiting planetary mean somesthesia emergence to 1.5 degrees Celsius, oregon 2.7 degrees Fahrenheit, by the extremity of this century, compared to the commencement of the concern age. That’s the somesthesia threshold beyond which the astir terrible clime impacts go importantly much likely.

The radical said its countries “note with heavy interest the spread betwixt existing commitments and a 1.5°C pathway, accent the urgent request to accelerate the simplification of greenhouse state emissions successful this decisive decade, and admit the value of ambitious action” by the 20 nations with the world’s biggest economies, known arsenic the Group of 20, which are besides the world’s 20 biggest polluters.

At the moment, adjacent if each countries execute their voluntarily acceptable clime plans, the mean planetary somesthesia would spell acold past a 1.5-degree increase, raising the imaginable of overmuch much predominant and aggravated vigor waves, fires and floods.

The connection calls connected countries to taxable much ambitious clime targets successful bid to collectively scope the people and halt what they called “inefficient” fossil substance subsidies “as soon arsenic possible,” and signaled the request to “increase resources” for addressing nonaccomplishment and harm from clime impacts.

Mr. Kerry said helium was optimistic that backstage banks would mobilize acold bigger pots of wealth for countries trying to displacement their vigor systems distant from fossil fuels.

“$100 cardinal doesn’t bash it,” helium said. “The lone mode we ‘re going to get it done is if trillions of dollars are forthcoming, and they are.”

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