'Total embarrassment': Denmark slams climate fund failure / Photo: © AFP
-
Petrol and diesel prices remain broadly steady across major Indian cities
-
India proposes more import entry points for drugs and medical devices
-
Reliance shares remain in focus after near-12% surge
-
Derek Tierney Outlines Ten-Year Strategy for National Digital Health System
-
2026 Arizona Midterms: Key Races, Ballot Measures, and Voter Deadlines
-
NBC’s Steve Kornacki Reveals Tech Habits Ahead of Midterm Elections
-
Coal India prepares possible $1 billion Mahanadi Coalfields listing
-
India and Israel oppose UN draft on regional conventional arms control
-
Julia Stiles and Ezra Sosa Share Emotional Farewell After 'DWTS' Elimination
-
BLS Polymers shares open 65.3% above IPO price
-
US Buildings Threatened by Wildfires Could Triple by 2060
-
Capital-markets shares rally as Motilal Oswal and Angel One lead gains
-
Why Pregnancy Cost Estimates Fail: A Family’s $9,000 Surprise
-
Latino Voters Defy ICE Fears, Turn Out in Record Numbers for Midterms
-
US Strikes Iranian Targets in Strait of Hormuz Ahead of Midterms
-
ITC shares rise as analysts anticipate gradual cigarette-business recovery
-
Brodeur’s Overtime Goal Secures Bethlehem’s Second Consecutive Sectional Title
-
Reliance rally puts historical one-year return pattern in focus
-
Rare 1970 Plymouth ‘Cuda 426 Hemi Listed for $400,000
-
Kuwait edges Oman 1-0 in veterans Gulf Cup in Doha
-
The Digital Burden: Why Instant Messaging Feels Like a Full-Time Job
-
Saudi Aramco quarterly profit climbs 34.6% amid elevated oil prices
-
Alberta Tabled Controversial Riding Boundary Maps Amid Gerrymandering Accusations
-
Washington reports movement in Iran negotiations aimed at preventing escalation
-
Hong Kong court set to sentence activist Joshua Wong in security case
-
Korea’s Labor Share of GDP Hits Record Low Amid Semiconductor Boom
-
Australia raises benchmark rate to highest level in 18 years
-
littlefish and Halo Dot Partner to Replace Payment Terminals with SoftPOS
-
'The Remarried Empress' Cast Discusses Bringing Fantasy Royal Drama to Life
-
Kuwait inspectors destroy 115 kilograms of unverified meat in Farwaniya
-
Asian stocks retreat as AI worries outweigh steep oil-price drop
-
Egypt Accelerates Construction of 341km Sinai Railway Linking Arish and Taba
-
Hamad International Airport stages emergency drills during WATAN 2026
-
John Schneider Admits Owes Millions in 'Dukes of Hazzard' Divorce Battle
-
Global failure to punish attacks leaves journalists at continuing risk
-
Philippine Authorities Report Progress in Thomas Markle Sr. Child Pornography Probe
-
Researchers Warn 'Bookkeeping Trick' Masks Beef Industry's Methane Emissions
-
Web Summit Qatar 2026 generated QR1 billion economic impact, report says
-
Climate Change Intensified Atlantic Hurricanes, Study Finds
-
UAE oil spill raises questions for desalination operations
-
Qatar solar expansion opens scope for technical performance gains
-
Doha hotel and Carolina Herrera launch fragrance-inspired afternoon tea
-
OMP Extends UnisonIQ with Agent Library and Agent Studio: AI Agents that Produce Executable Supply Chain Plans
'Total embarrassment': Denmark slams climate fund failure
Denmark, an active foreign aid donor, on Tuesday slammed as a "total embarrassment" the fact rich nations have failed to raise a promised $100 billion a year to help poor countries battle climate change.
Dan Jorgensen, Denmark's development minister, told the UN Least Developed Countries summit that "trillions" would be needed in coming decades to control the fallout from rising temperatures.
The impact of a heating planet on the world's 46 poorest nations has been a key topic at the summit in Doha that ends Thursday.
Least developed countries account for four percent of polluting emissions but suffer more than two thirds of deaths from floods, storms and other climate related disasters, according to Simon Stiell, executive secretary of the UN Framework Convention on Climate Change.
"It is a total embarrassment that the developed world has not yet delivered on the $100 billion that was promised in 2009," Jorgensen said.
Rich nations promised at a climate conference in Copenhagen in 2009 that the sum would be given annually by 2020 but have so far only reached about $83 billion.
Denmark is one of a handful of Scandinavian-dominated countries that have passed a UN target to give 0.7 percent of gross national income in foreign aid.
Some developed nations have cut aid budgets because of the coronavirus pandemic while some European countries, including Denmark, have diverted foreign aid money to support refugees from the Ukraine war and other international crises.
Denmark is "delivering more than our share," said Jorgensen.
At a global level "we need to step up that financing," he added, arguing that "we need trillions, so 100 billion really should not be a problem".
France's minister of state for development Chrysoula Zacharopoulou said that her country wanted to step up negotiations on aid financing at a summit in Paris on June 22-23.
Stiell said that the COP28 climate conference to be held in the United Arab Emirates this year would be key for setting "milestones" and "targets" for future years.
He said his office was ready to help all LDC countries set up national action plans on climate change before the conference in November.
Y.Bouchard--BTB
