The UAE and Germany pledged $100 million each, France $109 million, $50 million from Britain, $25 million from Denmark and $17.5 million from the United States, the world’s biggest historical polluter. That falls vastly short of the $100 billion a year that developing nations — which have historically been least responsible for greenhouse gas emissions — have said are needed to cover losses from natural disasters. G20 nations, which account for nearly 80 percent of global greenhouse gas emissions, paved the way for a deal when they endorsed the renewable energy goal in September. Tripling nuclearMore than 20 countries led by the US called on Saturday for the tripling of world nuclear energy capacity by 2050. UAE Climate Investment fundThe UAE said it is putting $30 billion into a new private climate investment fund.

Source: Punch December 03, 2023 03:49 UTC