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China Asks Rich Nations To Commit To $100 Billion Annual Climate Fund

The Brics Post

A senior Chinese official on Tuesday urged developed countries to keep their commitments on climate financing. At the COP15 meeting in Copenhagen in 2009, developed countries promised to mobilise 100 billion dollars per year by 2020 in order to address climate change.

“Developed countries should inject funds into the Green Climate Fund as soon as possible to ensure developing countries receive financial support’, said Xie Zhenhua, deputy head of China’s National Development and Reform Commission, at a press conference in Beijing.

A Board Meeting of the UN Green Climate Fund in Paris last month disappointed developing countries by failing to agree on a concrete date for donor pledges.

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