Upcoming Events

International | Environment

no events match your query!

New Events

International

no events posted in last week

Blog Feeds

Anti-Empire

Anti-Empire

offsite link ‘Reduced Service’ Sat Jun 18, 2022 11:37 | Anti-Empire

offsite link Inconvenient Questions for the “Specia... Wed Jun 15, 2022 16:32 | Anti-Empire

offsite link Who Dares Apply Anti-Interventionist Ana... Tue Jun 14, 2022 11:15 | Anti-Empire

offsite link Kiev Puts Its Military Deaths at 10,000 ... Mon Jun 13, 2022 05:58 | Anti-Empire

offsite link Rosgvard Wasn’t Told They’d Be Going... Sun Jun 12, 2022 14:24 | Rolo Slavsky

Anti-Empire >>

The Saker
A bird's eye view of the vineyard

offsite link Sitrep Operation Z: Open Thread Sun Jun 26, 2022 13:36 | amarynth
by the Saker Staff for the Saker Blog Wow, too much information out there in addition to the world happenings.  Today and tomorrow we have the G7 in Germany and

offsite link French vote shows the undemocratic rot of the pan-European project 2/2 Sun Jun 26, 2022 11:41 | amarynth
by Ramin Mazaheri and cross-posted with PressTV Part 1 discussed how a ?hung parliament? isn?t going to happen in France. President Emmanuel Macron won enough seats and can find plenty

offsite link Oh Now They?re Banning China Spreading Chinese In The UK! Sun Jun 26, 2022 11:21 | amarynth
There is a concerted effort by the Western powers to contain the spread of Chinese and to prevent China from teaching Mandarin in the West By Thorsten J. Pattberg for

offsite link Some Replies to Some Comments on Recent Articles Sun Jun 26, 2022 10:56 | amarynth
By Batiushka for the Saker Blog 1. Errors I do apologise for the rare error which comes from not checking the text enough times. For example, Kuleba is of course

offsite link ?That?s nonsense? ? Douglas MacGregor Sun Jun 26, 2022 10:50 | amarynth

The Saker >>

Public Inquiry
Interested in maladministration. Estd. 2005

offsite link RTE bias complaint

offsite link Fergus Finlay and the maternity hospital ‘gotcha’ trap Anthony

offsite link Irish Examiner and fake news Anthony

offsite link Labour Party: The unvarnished truth Anthony

offsite link Humanity: Zero chance of survival Anthony

Public Inquiry >>

Voltaire Network
Voltaire, international edition

offsite link Zelensky to replace head of SBU Sat Jun 25, 2022 19:07 | en

offsite link USAID and State Department refuse scrutiny of Afghan file Sat Jun 25, 2022 17:43 | en

offsite link London bans Russia's participation in OSCE forum Fri Jun 24, 2022 06:50 | en

offsite link Unification of Russian and Belarusian armies Thu Jun 23, 2022 21:52 | en

offsite link EU launches blockade of Kaliningrad Thu Jun 23, 2022 21:39 | en

Voltaire Network >>

Glasgow Climate Deal Renews Pledge to Support Developing Countries

category international | environment | press release author Wednesday November 17, 2021 16:15author by Comms Manager, olivia@jubileeusa.org - Jubilee USA Report this post to the editors

Two hundred countries finalized an agreement during COP26 in Glasgow, Scotland to limit global warming. In 2009, developed countries promised $100 billion of annual climate funding to developing countries by 2020. According to the OECD, funding estimates will not be met before 2023. The agreement expresses regret about the missed finance target and calls for increasing support for developing countries.

Two hundred countries finalized an agreement during COP26 in Glasgow, Scotland to limit global warming. In 2009, developed countries promised $100 billion of annual climate funding to developing countries by 2020. According to the OECD, funding estimates will not be met before 2023. The agreement expresses regret about the missed finance target and calls for increasing support for developing countries.

“The climate summit agreement recognizes the urgency of reaching the $100 billion target for developing countries and the reality that more support is needed,” said Eric LeCompte, Executive Director of the religious development organization Jubilee USA Network. "Debt relief can be an important resource for us to reach the levels of support developing countries need."

The Glasgow outcome noted concern with heightened debts as developing countries respond to the COVID crisis. The agreement asks development banks and lenders to consider climate vulnerabilities in determining access to aid and global reserve funds known as Special Drawing Rights.

One provision advocated by developing countries failed to make it in the final COP26 agreement. An agreement failed on compensation for developing countries experiencing damage from extreme climate-driven weather events. Instead the summit outcome foresees a new body to offer technical assistance for developing countries combating the effects of climate change.

“Many developing countries are dealing with more frequent natural disasters," stated LeCompte. "We need processes to support vulnerable countries as they face more extreme weather events caused by climate change."

The deal proposes setting a new climate finance and aid goal by 2025. Some countries believe more than a trillion dollars is needed.

Read Jubilee USA's press release on climate funding and COP26 here.
https://www.jubileeusa.org/cop_26_2021

Read Jubilee's new research on climate risks and COP26 here.
https://www.jubileeusa.org/pr_2021_cop

Jubilee USA Network is an alliance of more than 75 US organizations and 750 faith communities working with 50 Jubilee global partners. Jubilee USA builds an economy that serves, protects and promotes the participation of the most vulnerable. Jubilee USA wins critical global financial reforms and won more than $130 billion in debt relief to benefit the world's poorest people. www.jubileeusa.org

###

Related Link: https://www.jubileeusa.org/glasgow_climate_deal_renews_pledge_to_support_developing_countrieshttps://www.jubileeusa.org/cop_26_2021
© 2001-2022 Independent Media Centre Ireland. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by Independent Media Centre Ireland. Disclaimer | Privacy