The world’s 48 poorest countries want $1.39 trillion dollars between 2020 and 2030 to tackle climate change. These estimates are based on plans they submitted to the UN. this will be worked out within the next two weeks, following the climate change summit.
It includes $53.8 billion a year to reduce emissions and $39.9 billion to deal with extreme weather according to a London-based International Institute for Environment and Development (IIED) report.
Brazil, China, India, Morocco, South Africa and Turkey are receiving as much public money as all the least-developed countries together, the report added.
This is all supposed to be ironed out in the next two weeks.
The UN wants to send this money to places like Zambia and Yemen where the dictators in charge will use the money without real oversight.
The poorest nations want more money than they are getting because they only produce a tiny fraction of planet-warming gases.
According to India Times, India alone would need $1 trillion over 15 years to adapt to climate change.
The US is supposed to give $100 billion annually by 2020.
Left-wing Climate Change News phrased it this way, “Only $1 Trillion: Annual Investment Goal Puts Climate Solutions Within Reach.
President Barack Obama today said that a successful outcome for the Paris climate talks will include a “legally binding” mechanism to ensure that countries adhere to their carbon reduction commitments. That won’t be approved by Congress if presented as a treaty but Obama is reasonably certain a Democrat will succeed him who will follow through.
“With respect to my successor, let me first of all say I’m anticipating a Democrat succeeding me,” he said. “I’m confident in the wisdom of the American people on that front.”
He even believes a Republican would approve it should the next president be a Republican.