Germany Seeks G7 Climate Financing Pledge to Aid Poorest NationsStefan Nicola and Brian Parkin
The biggest advanced economies plan to signal to poor nations they’re willing to spend more money to help them cope with climate change, a move that could inject fresh life into United Nations talks on greenhouse gases.
Germany will put climate financing on the agenda of the Group of Seven nations meeting in the Bavarian Alps in June, Environment Minister Barbara Hendricks said. Germany, which chairs the G-7 this year, also expects Japan and Canada to submit their national climate protection targets to the United Nations before the meeting in Elmau.
The move is aimed at “sending a signal as an important contribution to build trust ahead of the UN summit in Paris,” where leaders seek to hammer out a deal to reign in heat-trapping gases from burning fossil fuels, Hendricks said in an interview in Berlin.
The climate push along with a pledge to cleanse oceans of plastic waste are among the first indications of Germany’s themes for the global economic summit. Chancellor Angela Merkel, who served as environment minister in the 1990s, plans to host U.S. President Barack Obama and government leaders from Japan, the U.K., Canada, France and Italy at Schloss Elmau, a 100-year-old spa hotel, on June 7 and June 8.
Fractious negotiations to replace the 1997 Kyoto Protocol - - the only international treaty to control greenhouse gases -- have stretched over a decade. They’ve pitted rich nations that created the problem against poor nations unwilling to make environmental pledges that could sacrifice growth.
A deal at the Paris meeting later this year may be reached only when rich nations cough up more aid, UN Secretary-General Ban Ki-Moon said April 15. Nations and investors in 2009 pledged to provide developing nations with $100 billion a year by 2020 to nudge them onto a greener developmental path.