The China Mail - 'Total embarrassment': Denmark slams climate fund failure

USD -
AED 3.67315
AFN 63.493234
ALL 82.893849
AMD 377.199436
ANG 1.790083
AOA 917.000252
ARS 1376.779803
AUD 1.436255
AWG 1.80225
AZN 1.696542
BAM 1.686202
BBD 2.015182
BDT 122.789623
BGN 1.709309
BHD 0.377512
BIF 2970
BMD 1
BND 1.279061
BOB 6.913944
BRL 5.223696
BSD 1.000522
BTN 94.115213
BWP 13.635619
BYN 2.965482
BYR 19600
BZD 2.012485
CAD 1.380855
CDF 2279.999898
CHF 0.791075
CLF 0.023239
CLP 917.594531
CNY 6.901497
CNH 6.90132
COP 3702.49
CRC 465.236584
CUC 1
CUP 26.5
CVE 95.624984
CZK 21.130199
DJF 177.720054
DKK 6.45369
DOP 60.375008
DZD 132.589624
EGP 52.529501
ERN 15
ETB 157.299098
EUR 0.863701
FJD 2.245988
FKP 0.747226
GBP 0.74735
GEL 2.694981
GGP 0.747226
GHS 10.950161
GIP 0.747226
GMD 73.498543
GNF 8780.000028
GTQ 7.657854
GYD 209.347342
HKD 7.81702
HNL 26.519668
HRK 6.508302
HTG 131.207187
HUF 333.793973
IDR 16846.35
ILS 3.11585
IMP 0.747226
INR 94.243603
IQD 1310
IRR 1313149.999755
ISK 123.67991
JEP 0.747226
JMD 157.605908
JOD 0.70903
JPY 159.263503
KES 129.749591
KGS 87.449199
KHR 4012.999815
KMF 427.000536
KPW 900.014346
KRW 1500.779793
KWD 0.30652
KYD 0.833829
KZT 482.773486
LAK 21585.000114
LBP 89550.000464
LKR 314.680461
LRD 183.649834
LSL 16.94008
LTL 2.95274
LVL 0.60489
LYD 6.374992
MAD 9.327504
MDL 17.495667
MGA 4170.000275
MKD 53.241151
MMK 2100.167588
MNT 3569.46809
MOP 8.057787
MRU 40.129923
MUR 46.469729
MVR 15.449832
MWK 1736.999516
MXN 17.730698
MYR 3.964499
MZN 63.952774
NAD 16.929973
NGN 1386.309982
NIO 36.720102
NOK 9.68736
NPR 150.586937
NZD 1.71787
OMR 0.384499
PAB 1.000578
PEN 3.460503
PGK 4.309501
PHP 60.0285
PKR 279.050244
PLN 3.69196
PYG 6510.184287
QAR 3.644048
RON 4.400402
RSD 101.435012
RUB 80.994805
RWF 1460
SAR 3.751581
SBD 8.042037
SCR 14.729951
SDG 601.000356
SEK 9.334045
SGD 1.279855
SHP 0.750259
SLE 24.549765
SLL 20969.510825
SOS 571.000338
SRD 37.340498
STD 20697.981008
STN 21.4
SVC 8.755292
SYP 110.948257
SZL 16.897857
THB 32.638498
TJS 9.58109
TMT 3.5
TND 2.9375
TOP 2.40776
TRY 44.358965
TTD 6.803525
TWD 31.907949
TZS 2570.05902
UAH 43.92958
UGX 3702.186911
UYU 40.504889
UZS 12199.999554
VES 462.09036
VND 26350
VUV 119.508072
WST 2.738201
XAF 565.560619
XAG 0.013803
XAU 0.00022
XCD 2.70255
XCG 1.803352
XDR 0.702492
XOF 563.498164
XPF 103.449958
YER 238.649993
ZAR 16.916097
ZMK 9001.198562
ZMW 18.736367
ZWL 321.999592
  • NGG

    1.9500

    84.28

    +2.31%

  • JRI

    0.2600

    12.12

    +2.15%

  • CMSC

    0.0400

    22.91

    +0.17%

  • BCE

    -0.3350

    25.495

    -1.31%

  • BCC

    1.1500

    74.72

    +1.54%

  • RBGPF

    -13.5000

    69

    -19.57%

  • AZN

    1.3700

    187.15

    +0.73%

  • BTI

    0.6900

    58.45

    +1.18%

  • BP

    0.6400

    45.43

    +1.41%

  • GSK

    1.7600

    54.71

    +3.22%

  • RYCEF

    0.3000

    15.9

    +1.89%

  • RIO

    0.7500

    87.52

    +0.86%

  • CMSD

    0.0510

    22.681

    +0.22%

  • RELX

    0.0000

    32.46

    0%

  • VOD

    0.0600

    14.72

    +0.41%

'Total embarrassment': Denmark slams climate fund failure
'Total embarrassment': Denmark slams climate fund failure / Photo: © AFP

'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.

Text size:

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.

Z.Ma--ThChM