Current:Home > ContactA climate summit theme: How much should wealthy countries pay to help poorer ones? -Finovate
A climate summit theme: How much should wealthy countries pay to help poorer ones?
View
Date:2025-04-28 00:10:48
GLASGOW, Scotland — The U.N. climate summit in Glasgow is scheduled to wrap up on Friday.
Negotiators have released a draft agreement that calls on countries to speed up cuts in carbon emissions. Wealthy countries have historically contributed the most greenhouse gases to the atmosphere.
One of the biggest outstanding issues is how much wealthy countries should pay to help poorer ones work towards building lower-carbon economies and adapt to some of the damage they've already suffered from climate change. NPR sat down this week with Achim Steiner, head of the United Nations Development Programme, to talk through the problem.
This interview has been edited and condensed.
Many people from these countries are really looking for help from the developed world. What's the background?
One main issue really in Glasgow is: Are we able to frame a co-investment pact here? The richer countries have already for years promised $100 billion a year as contributions towards hundreds of billions of dollars developing countries will have to invest in their energy systems. Almost 11 years after the promise was first made in the Copenhagen climate conference, it still hasn't been met. So, for developing countries, there is a growing sense of not only frustration, but a lack of trust. We are constantly being asked as developing nations to make higher commitments, and yet we see only limited progress in developed countries.
Why is that?
I think because we underestimate, first of all, what an immense effort developing countries have to undertake. Secondly, it's always difficult to take money that you would spend on yourself and invest it in someone else.
How much of this comes down to domestic political decisions in these developed rich nations?
Well, ironically, virtually everything that is being negotiated here comes down to national political dynamics, and this is where political leadership is really called for. Because if we simply decide the future of the world in terms of what my price per gallon of fuel is or how much electricity I'm being charged for, you essentially have a recipe for paralysis and for disaster.
Give me a sense of what it's like inside the negotiating room. Do you have developing nations lobbying very hard? What are the developed nations saying?
This is the "nerdier" part of the work, which is negotiating the details. How do we hold each other accountable? How do we create transparency? What are the baselines against which you measure the commitments of a country and how it is actually fulfilling them? That is often, I think, for the public difficult to appreciate. But without that, we don't have the transparency that allows us to have confidence in one another.
In terms of funding from the developed world to the developing world, can't that be measured by actually how much finance comes in?
You'd think so.
If you told me you were going to give me 10 bucks and 10 bucks didn't come in, you didn't fulfill your pledge.
Yeah, but the question is, do the 10 bucks come from your government sending you a check? Does it come through your bank where you have to borrow, maybe at a lower interest rate? Is it a grant?
That sounds very messy.
That's why it has been a struggle.
If developing countries did not get what they consider at least sufficient for now, what would be the implications and the stakes of that?
Some countries would simply revert back to saying, "Well, never mind, we'll just do business as usual."
And we'll just keep polluting as much as we want.
Exactly, because we've given up and we don't have the means to do something about it.
NPR's London Producer Jessica Beck contributed to this report.
This story originally appeared on the Morning Edition live blog.
veryGood! (4534)
Related
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- Tropical Storm Ernesto on path to become a hurricane by early Wednesday
- Ohio officer indicted in 2023 shooting death of pregnant woman near Columbus: What we know
- Ravens announce Mark Andrews' car crash, coach Joe D'Alessandris' illness
- See you latte: Starbucks plans to cut 30% of its menu
- Kylie Jenner Details Postpartum Depression Journey After Welcoming Her 2 Kids
- Arizona and Missouri will join 5 other states with abortion on the ballot. Who are the others?
- Sister Wives Season 19 Trailer Shows Kody Brown's Relationships Unravel After Marrying Wrong Person
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Trump throws Truth Social under the bus in panicked embrace of X and Elon Musk
Ranking
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- 4 injured in shooting at Virginia State University, and police have multiple suspects
- Yankees await MRI as Jazz Chisholm deals with possible season-ending UCL injury
- What is big, green and 150 million years old? Meet dinosaur skeleton 'Gnatalie.'
- US appeals court rejects Nasdaq’s diversity rules for company boards
- US agency tasked with border security to pay $45 million over pregnancy discrimination, lawyers say
- Unbeatable Free People Deals Under $50: Score Bestselling Styles Starting at $19.97 and Save Up to 66%
- How Amal and George Clooney Are Protecting Their 2 Kids From the Spotlight
Recommendation
Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
California, Massachusetts or Hawaii? Which state has the highest cost of living?
Idaho Supreme Court dismisses lawsuit challenging a ballot initiative for ranked-choice voting
Rapper Quando Rondo pleads guilty to a drug charge in federal court
Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
LEGO rolls out 'Nightmare Before Christmas' set as Halloween approaches
PHOTO COLLECTION: AP Top Photos of the Day Tuesday August 13, 2024
Barbie x Stanley Collection features 8 quenchers that celebrate the fashion doll