EU softens stand on major sticking point in Baku climate talks
BAKU: The European Union on Monday urged «wealthier high-emitting» developing nations to voluntarily contribute to climate finance, signalling a shift from its earlier position that had stalled progress in the UN climate talks. Securing a new climate finance package to help developing countries reduce emissions and adapt to climate change is the top priority of this year's UN climate talks. Developing nations need at least $1.3 trillion annually to tackle worsening climate impacts.
The EU and some developed countries argue that such a large sum can only be achieved if «wealthier high-emitting» developing nations, like China and Gulf states, also contribute. However, this proposal has been a major sticking point, as many developing countries view it as an attempt to shift responsibility away from those who historically benefited from industrialisation.
European Commissioner for Climate Action, Wopke Hoekstra, suggested a compromise on Monday, proposing voluntary contributions from these nations without changing the traditional classification of developed and developing countries.
«We will be welcoming to those countries who do make such a step because, in the end, this is not about dogmatism. This is about solving one of the largest problems humanity is facing,» Hoekstra said.
He said that affluence brings responsibility. «Others also have a responsibility to contribute based on their emissions and economic growth,» he added.
Astrology
Vastu Shastra Course
By — Sachenkumar Rai, Vastu Shashtri
Marketing
Digital
