Developed Nations Push to Expand Climate Finance Contributors

As the deadline for a new climate finance goal approaches, developed countries are advocating for a broader range of nations to contribute funds to help combat climate change. Proposals suggest including high GNI and emission countries like China, Saudi Arabia, and Russia, but developing nations see this as shifting responsibility unfairly.

With the deadline for a new climate finance goal fast approaching, developed nations are calling for an expanded list of countries responsible for funding efforts to tackle climate change. Switzerland has specifically suggested criteria that would include high-emission and high gross national income countries in the donor base.

At the core of the debate is the New Collective Quantified Goal (NCQG), set for finalization in November in Baku, Azerbaijan. Wealthy countries are pressing for contributions from nations with significant emissions and economic capabilities, such as China, Saudi Arabia, and Russia.

Developing nations oppose this move, arguing that it shifts responsibility from those who have historically benefited from industrialization and contributed most to greenhouse gas emissions. They contend that the principle of equity is at stake, especially for countries still grappling with poverty and inadequate infrastructure amidst severe climate impacts.

(With inputs from agencies.)