Leaders of developing nations took to the floor at the UN climate summit on Saturday to press rich industrial countries to share their know-how to fight global warming and ease the financial burdens they face, while trumpeting their own natural resources that swallow heat-trapping carbon in the air.
The 28th annual UN Conference of the Parties, or COP28, in the oil-rich United Arab Emirates featured about 150 presidents, prime ministers, royals and other leaders who are presenting their plans to cut heat-trapping emissions and mostly seek unity with other nations to avert climate catastrophe.
Indonesian President Joko Widodo has emphasized the need for over $1 trillion in investment to achieve the country’s net-zero emission target.
US Pledges $3 Billion to Green Climate Fund
US Vice President Kamala Harris has announced that the United States is pledging $3 billion to the Green Climate Fund, which helps developing countries access capital to invest in clean energy and “nature-based solutions.”
Fifty oil companies have pledged to reach near-zero methane emissions and end routine flaring in their operations by 2030, Sultan al Jaber, the president of this year’s United Nations climate talks, has said.
More Than 20 Nations Call for Tripling of Nuclear Energy
A group of more than 20 nations have called for a tripling of nuclear energy generated in the world by 2050.
US climate envoy John Kerry has announced that the US is joining the Powering Past Coal Alliance, which means the administration commits to building no new coal plants and phasing out existing plants.
Leaders from around the world have voiced their shared views that Earth is in crisis.
German Chancellor Olaf Scholz has said that science shows the world needs to “step up the pace” to battle climate change.
In a statement, the US Treasury said the pledge is subject to funding availability.