The European Union is already doing enough to provide climate aid to poorer countries, said European Commission President Ursula von der Leyen on Tuesday during the climate summit in Egypt. It is now up to other rich countries to allocate more money for this.

More than 23 billion euros in climate aid flow from the EU to poor countries every year. “Team Europe delivers its fair share of the promised 100 billion dollars,” emphasizes Von der Leyen.

“Despite the corona pandemic and despite the Russian war, so it is to do. We call on others to participate as well.”

Von der Leyen did not name any countries, but an analysis of Carbon Brief this week showed that the United States in particular is lagging behind when it comes to climate aid. Given the country’s historic emissions, the U.S. should put five times as much money into climate finance as it does now. Pressure is also growing on other capital-strong countries, such as China and Saudi Arabia, to contribute to climate finance.

The financing of climate aid is one of the most important topics of the climate summit. For years, rich countries have not kept their promise to give at least 100 billion dollars a year to poorer countries so that they can reduce their emissions and adapt to climate change.

About the author: Louise Roth

Louise Roth is the youngest member of WeeklyNewsReview team. Despite the young age Louise is interested in serious topics. Her main interests and education is all about economics and politics. But in our team she is the most productive do-it-all member, so she has to write on a variety of topics.

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