Merkel’s last climate summit fails on finance for poor nations
- May 9, 2021
- Posted by: P0wer_Shift@fric@
- Category: Climate Change
The 12th Petersberg Climate Dialogue, hosted in Berlin on Thursday (6 May), failed to deliver on expectations of increased financial support for poorer countries. The high-level political dialogue, which takes place on an annual basis, was originally founded by German Chancellor Angela Merkel and this year’s edition was her last international climate summit.
“We need to meet our climate financing goals, such as the $100 billion goal, which has not yet been achieved,” said UK Prime Minister Boris Johnson who spoke ahead of Merkel at yesterday’s summit. “Industrial nations need to empathise with developing countries,” he added.
At the COP15 climate summit in 2009, industrialised nations pledged to help the poorest, by providing $100 billion in aid each year by 2020. Rich countries renew their promise each year without fully delivering. At the summit, Germany was expected to increase its financial commitments to support climate mitigation and adaptation in poorer countries.
As Merkel laid out Germany’s plan to contribute its fair share to global climate finance, she failed to participate in further closing the global climate finance gap, to the consternation of environmental NGOs.
“As the biggest economy in the EU the eyes of the world are on Germany. It has a history of being a climate leader but this is starting to slip badly,” said Mohamed Adow of PowerShift Africa.