Major climate summit puts pressure on UK to join trillion-dollar fund deal
Global climate talks in Azerbaijan bring tough decisions for UK about massive developing nations fund. Nations debate new financial commitments while US election adds extra complexity to negotiations
The climate-change summit in Baku starting tomorrow puts UK in a tough spot regarding a huge money-pool for developing countries (which could reach $1 trillion)
Less-developed nations want rich countries to step-up their game; the current UK commitment of £11.6 billion runs out next year. Evans Njewa who leads Less Developed Countries group thinks its crucial to get this done: we cant fail the planet
The US election makes things extra-tricky — with Donald Trump threatening to dump climate deals if he wins. While Joe Bidenʼs team will be at the table other countries dont feel sure about making long-term deals. China gives around $4.5 billion yearly but wont make it official; the EU and US say China should pay its fair share
Some countries have cool ideas about getting money:
- Special tax on flying
- Making fossil-fuel companies pay more
- Getting private companies to chip in
Sir Keir Starmer will talk in Baku on tuesday about UKʼs new green targets including an 81% cut in bad gases by 2035. He wants all-green power by 2030 — but energy folks say thats too fast
The Foreign Office says UK leads in clean tech and keeps its promises. But Catherine Pettengell from Climate Action Network UK thinks rich countries arent doing enough; she compares this to big historical changes like ending slavery
