U.S. Offers New Plan for Climate Change Financing


The United States opened up the debate on the financing of the climate change fight, prompting the United Nations to ask for contributions from additional countries.

Developing Nations

The proposal made by the U.S. caused concern among developing nations that developed countries were pulling back from their promise to increase funding for the fight against global warming. They then stated that any requests for funding from developing nations will be resisted, and that any participation can only be made on voluntary bases.

The proposal laid out by the U.S. asks for those nations which have the capacity, in this case primarily China, to secure funds which would help the most vulnerable countries run projects related to climate. This in turn would change the way funds have been flowing to developing countries from industrialized ones.

With very few details available for the actual implementation of the pledge made by the wealthier countries to increase their aid in the field to as much as $100 billion annually by 2020, the new proposal only increased the concerns expressed by the G77 group, which consists of around 130 countries and China.

China’s Changing Position

Climate talks have defined the division between wealthier and poorer countries since 1992, when the last treaty was signed, as it determined that developed nations will be the ones to provide both the technology and funds to help developing countries reduce their emissions of fossil fuels.

However, the situation has changed significantly since then, with China overtaking the U.S. as the biggest polluter of the world, and India closing in to stand just behind the EU. This has caused the U.S. and its partners to try and redefine the lines set in the 1992 treaty. China has already accepted part of the responsibility, albeit voluntarily, and has pledged $3.1 billion in help to with climate change projects.


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