Germany to Double Donation for UN Climate Change Fund
Patricia Espinosa, the executive secretary of the United Nations Framework Convention on Climate Change (UNFCCC), thanked Germany for its pledge to double donations for the UN Green Climate Fund. She said: "This announcement is very encouraging and arrives only four days before we start COP24."
The pledge comes ahead of a major UN climate conference. Donations to the UN Green Climate Fund are only a fraction of the $100 billion annual goal countries had pledged to reach by 2020.
Germany will increase funding for developing countries to fight and adapt to climate change, the development minister, Gerd Müller, announced on Wednesday ahead of a major UN climate conference in Poland.
Müller said the German government would pay another €750 million ($850 million) in to the UN Green Climate Fund over the next two years, having already paid in a previous pledge of the same sum. Müller also encouraged other countries to increase their contributions.
The fund supports projects on climate protection and adaptation to climate change in developing and emerging countries. World leaders agreed to establish the fund in 2010 at a climate conference in Cancun, Mexico and so far nearly €10 billion has been pledged from public and private sources.
Credit: World Bank/Jutta Benzenberg