Demonstrators Remind World Leaders About Climate Change Fund

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Dressed as debt collectors, the demonstrators reminded world leaders of their pledge to contribute $100 billion a year in climate finance.

The people dressed as “debt collectors” reminded world leaders, among others from Australia, Canada, Italy, and the United Kingdom, of their unfulfilled promises to contribute $ 100 billion a year in climate financing to developing countries. .

In the fourth meeting between Finance Ministers and Central Bank Governors of the G20 group of countries held at the same time as the annual meeting of the International Monetary Fund (IMF) and the World Bank, Avaaz activists stationed in front of the IMF headquarters, unfurled a banner that read: “Show us climate money Where’s the $100 billion?”

The “Plan Keeps the Promise” to mobilize at least $100 billion a year for climate finance 2020-2025, led by German Foreign Minister Jorgen Flasbarth and Canadian minister Jonathan Wilkinson, is expected to be announced on Monday (18/10).

But as G20 finance ministers talks begin today in Washington, DC, there is no indication that developed countries will live up to commitments, and possibly break those promises for the second year in a row.

Avaaz called on finance ministers from the G20 developed countries to fulfill their financial commitments in full, including past shortfalls, to ensure the average $100 billion fund is met.

Given that most countries will not fulfill their commitments for 2020 or 2021, the group urged countries to commit to providing $600 billion in 6 years from 2020 to 2025, as suggested by countries vulnerable to climate change. (ka/lt)

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