Denmark will pay for climate damage to developing countries

Denmark will pay for climate damage to developing countries

Finally, something is going on. For the first time a member country of the United Nations promises Financing “Loss and Loss”, Losses and damages related to the effects of the climate crisis resulting from emissions to developing countries. Dane has actually recently announced the contribution of 100 million crowns (equivalent to approximately 13.4 million euros) to be allocated to places and people heavily harmed by the climate crisis, for example the countries of the Sahel Belt.

In fact, if we exclude some non-UN countries like Scotland, it is First country to offer compensation Towards such vulnerable areas. The Danish development minister announced funding – which activists like Greta Thunberg or Vanessa Nakate have long been asking for in the case of climate justice. Fleming Moller Mortensen.

“I saw for myself in Bangladesh this spring that the consequences of climate change need more attention,” the politician explained, declaring the funding and reiterating that it is completely unfair that the world’s poorest countries are in crisis. should suffer more than the consequences. To which, perhaps, he has not made any special contribution.

a clear exampleafrica, Continents plagued by hunger, drought, famine and disease, often all stemming from climate crises, but which Globally it is responsible for only 4% of climate-changing emissions.

Also for this reason, Denmark Opened the way: According to the country, so the time has come “Acting and not just words”, Of the 100 million crowns pledged, about 35 million (equivalent to about 5 million euros) will go to an organization based in Frankfurt, Germany, which subsidizes insurance for the poorest countries. Another 32.5 million crowns will be exchanged to help for example Sahel region Which is spread in the Sahara Desert of North Africa.

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Instead about 3.4 million euros will be allocated for “strategic efforts” for climate change negotiations. COP27 Expected in Egypt in November.

In addition, more or less another million euros will be allocated to organizations, associations and civil society actors already engaged in developing countries to improve resilience to the effects of climate change.

One of the first very important commitments announced by Dane on the sidelines of the United Nations General Assembly in New York, though small, is toward $100 billion a year in funding that wealthier countries should allocate less. Well and more exposed to the climate emergency. Meanwhile, the Secretary-General of the United Nations Antonio Guterres He emphasized the idea of ​​taxing the excess profits of fossil fuel companies and redirecting the money to countries suffering losses and damages.

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