Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

John Kerry says there will be 'an outcome of some kind' in talks with poorer nations about climate reparations and again called on China to chip in

John Kerry says there will be 'an outcome of some kind' in talks with poorer nations about climate reparations and again called on China to chip in

Developing countries want to make rich ones pay for outsized contributions to the climate crisis, and have added the idea to the agenda at UN talks.
Developing countries came to the UN climate summit with a mission: hold rich nations like the US and those in Europe accountable for their outsized contributions to the environmental crisis.

These developing countries scored a quick breakthrough nearly a week ago when the global talks got underway. They managed to get the issue of "loss and damage" added to the agenda for the first time in the history of the UN climate convention.

Egypt and Pakistan, where flooding killed 1,700 over the summer and inflicted an estimated $30 billion in damages, led the push to make reparations part of the discussion.

Now comes the hard part: Over the next week, a debate will play out between rich economies, like the US and those in Europe, and poorer countries over how to compensate developing nations for climate-fueled disasters for which they bear little responsibility.

John Kerry, the US special climate envoy, on Saturday told reporters that making loss and damage an official agenda item means there will be "an outcome of some kind," though he said he doesn't know how it will take shape. Kerry also alluded to comments he's made in the past about putting China on the hook for climate reparations. That country is now the world's largest emitter of greenhouse gas emissions.

"There are a whole bunch of countries that have been burning coal for 70 or 80 years that have also contributed to where we are," Kerry said. "How do you manage that?"

Chinese climate envoy Xie Zhenhua said Wednesday that the country would not pay into a loss and damage fund for developing nations but supported their cause, Voice of America reported. China is categorized as a developing nation under the terms of the UN climate convention and therefore isn't legally obliged to give climate finance.

Kerry cast doubt that an agreement on a "financial arrangement" for loss and damage would be achieved at COP27, which ends November 18. However, a deal could come together by next year's conference, he said.

Egypt is an appropriate location for the talks, which are playing out over two weeks. The entire African continent accounts for just 3% of global greenhouse gas emissions yet is among the most vulnerable to disasters like drought and heat waves. Millions of people from Kenya to Somalia are on the brink of famine, in part because of climate upheavals. The British Red Cross described the situation as the worst food crisis in parts of the continent in 40 years.

Wealthy countries like the US and those in Europe account for 80% of greenhouse gas emissions after more than a century of burning fossil fuels to industrialize their economies. They've repeatedly objected to discussing loss and damage during past UN climate negotiations over concern that such talks would result in enormous financial liabilities.

The US position shifted this year under President Joe Biden. A State Department spokesperson told Insider that the administration was open to the agenda item and would engage in talks on how to address loss and damage.

Brandon Wu, director of policy campaigns at ActionAid USA, a social-justice nonprofit, said he hopes the issue gets more than just lip service during COP27, the shorthand for the UN's "conference of the parties" climate talks.

"This is a welcome shift from their previous unwillingness to engage in formal negotiations about loss and damage finance, but it's not anything more than that — a willingness to talk," Wu told Insider. "What matters is what they're willing to agree to."

ActionAid joined nearly 150 organizations last month in urging Kerry to support the creation of a specific fund for loss and damage that is separate from financing for climate mitigation and adaptation projects in developing countries. More than a decade ago, rich nations promised to send $100 billion a year to poorer countries by 2020. Wealthy countries continue to fall short, according to a report released by Germany and Canada ahead of COP27.

Wu said a separate finance structure is needed because humanitarian assistance is reactive after disasters and doesn't always flow to the countries most in need — in some cases because they don't make headlines.

"Humanitarian aid historically hasn't built climate resilience," he added. "There were massive floods in Pakistan in 2010. Billions of assistance flowed there in 2010, and when a new round hit this year, they were in the same boat."

Scientists at World Weather Attribution found that more intense rainfall due to human-caused climate change, as well as inadequate infrastructure, high poverty rates, and economic instability, were all factors in the devastation in Pakistan.

Some developed nations have already stepped up. Scotland, which hosted last year's UN climate summit in Glasgow, became the first to pledge funding for loss and damage with a $2 million contribution. Denmark, in September, followed suit with a $13 million pledge.

Some developed nations have already unveiled contributions during COP27. Germany announced $176 million for loss and damage and Austria also pledged $50 million. Belgium is donating $2.6 million to Mozambique, which endured extreme rains last year. Scotland added another $5.7 million in donations to the $2 million it had already announced.

If countries do agree to establish a separate fund on loss and damage, Wu said it could take years to hash out how it's set up, including how to calculate who pays what and how to ensure the money is distributed equitably.
AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Satirical Sketch Sparks Political Spouse Feud in South Korea
Indonesia Quarry Collapse Leaves Multiple Dead and Missing
South Korean Election Video Pulled Amid Misogyny Outcry
Asian Economies Shift Away from US Dollar Amid Trade Tensions
Netflix Investigates Allegations of On-Set Mistreatment in K-Drama Production
US Defence Chief Reaffirms Strong Ties with Singapore Amid Regional Tensions
Vietnam Faces Strategic Dilemma Over China's Mekong River Projects
Malaysia's First AI Preacher Sparks Debate on Islamic Principles
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
Russia's Fossil Fuel Revenues Approach €900 Billion Since Ukraine Invasion
Alcohol Industry Faces Increased Scrutiny Amid Health Concerns
U.S. Goods Imports Plunge Nearly 20% Amid Tariff Disruptions
Italy Faces Population Decline Amid Youth Emigration
Trump Accuses China of Violating Trade Agreement
OpenAI Faces Competition from Cheaper AI Rivals
Foreign Tax Provision in U.S. Budget Bill Alarms Investors
Russia Accuses Serbia of Supplying Arms to Ukraine
Gerry Adams Wins Libel Case Against BBC
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
EU Majority Demands Hungary Reverse Anti-LGBTQ+ Laws
Top Hotel Picks for 2025 Stays in Budapest Revealed
Iron Maiden Unveils 2025 Tour Setlist in Budapest
Chinese Film Week Opens in Budapest to Promote Cultural Exchange
Budapest Airport Launches Direct Flights to Shymkent
Von der Leyen Denies Urging EU Officials to Skip Budapest Pride
Alcaraz and Sinner Advance with Convincing Wins at Roland Garros
EU Ministers Lack Consensus on Sanctioning Hungary Over Rule of Law
EU Nations Urge Action Against Hungary's Pride Parade Ban
Putin's Helicopter Reportedly Targeted by Ukrainian Drones
U.S. Considers Withdrawing Troops from Europe
Russia Deploys Motorbike Squads in Ukraine Conflict
Critics Accuse European Court of Human Rights of Overreach
Spain Proposes 100% Tax on Non-EU Holiday Home Purchases
German Intelligence Labels AfD as Far-Right Extremist
Geert Wilders Threatens Dutch Coalition Over Migration Policy
Hungary Faces Multiple Challenges Amid EU Tensions and Political Shifts
Denmark Increases Retirement Age to 70, Setting a European Precedent
Any trade deal with US must be based on respect not threats', says EU commissioner
UK Leads in Remote Work Adoption, Averaging 1.8 Days a Week
Thirteen Killed in Russian Attacks Across Ukraine
High-Profile Incidents and Political Developments Dominate Global News
Netanyahu Accuses Western Leaders of 'Emboldening Hamas'
Ukraine and Russia Conduct Largest Prisoner Exchange of the War
×