Brown hits out at ‘whip-round charity fundraiser’ approach to $100bn climate promise

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Gordon Brown has hit out at governments’ efforts to raise $100bn to tackle the climate crisis, comparing it to “organizing a whip-round at a charity fundraiser” – weeks ahead of an important summit .

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in an article for Granthshala, the former Labor prime minister argued that the success of Cop26 depends on the world’s richest countries honoring an “as yet unrealistic” 12-year pledge to transfer money to low-income countries.

He said governments should also set short-term carbon reduction targets for 2025 and 2030 – recognizing the urgency of the situation – and urged companies to disclose their carbon footprint.

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Mr Brown’s intervention comes just 11 days ahead of a meeting of world leaders in Glasgow for the UN climate summit, where Boris Johnson hopes to seal an agreement to keep global warming below 1.5C above pre-industrial levels. We do.

another of The main goal of the government is to urge developed countries “To deliver on its promise to raise at least $100bn in climate finance per year” – a goal that was first introduced at a climate summit in 2009.

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Mr Brown, who was then prime minister, said: “We knew that, as Arctic and Antarctic ice disappears, floods and fires increase, and threats to biodiversity increase, even among the poorest countries. Poor people will be affected the most.”

But he added: “Instead of countries agreeing on an equal sharing of the burden, we have treated the business of raising $100bn like conducting a whip-round at a charity fundraiser.

“In no year since 2009 has the fund received more than $40bn of the promised $100bn. This is only when multilateral bank disbursements and private funding – primarily in loans for renewable projects – Added that the annual amount eventually reached $80bn in 2019, which is still far less than what was promised.

The former prime minister warned that current commitments, including those of both the UK and US, “still fall short of their contribution”.

“Unless developed countries outline a credible path to deliver on their promise, vulnerable countries will not rely on any future emissions reduction promises and may decide to bring down Cop26. are,” he said.

“So it is imperative that $100bn per year is ultimately achieved in the days between now and the start of Cop26.”

It comes after controversy over Britain’s commitment, with billions being taken from the foreign aid budget, which has already been dramatically backtracked by the Treasury.

On Tuesday, the UK government also published a long-delayed document setting out its strategy for reaching a legally binding target of net zero by 2050, but faced criticism from climate campaigners, arguing that ministers has to be “further and faster”.

While proposals to replace polluting gas boilers, switch to electric cars and plant millions of trees were welcomed, critics warned the package was over-cautious, with one expert saying it would limit global warming to 2.5-3C. instead of doing more. Exceeding the 1.5C max which is the target of next month’s crucial Cop26 summit.

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Credit: www.independent.co.uk /

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