Opening our wallets further in the battle against climate change?
If countries were private companies, all heads of state and government would be fired because we ‘re not on track,”Costa Rican President Carlos Quesada said after a closed-door meeting of more than two dozen heads of state or government at the United Nations.
Other leaders hope that rich countries may finally deliver a long-promised package of $100 billion annually to help poorer countries shift to cleaner energy and cope with the worst effects of climate change.
But that has not enabled “that big a step forward” in getting countries to commit to a deeper cut in emissions of heat-trapping gases, the U.N. official said.
It is the largest economies in the world that have created the problem while the smallest suffer the worst effects.
The official said several countries that haven’t updated emissions-reduction targets are preparing to do so, which bodes well.
If all the planned coal-fired power plants were put in place, Gutteres noted,”the Paris targets would go up in smoke.”
A U.N. report Friday found recent pledges to control carbon dioxide emissions have steered the world on track for 2.7 centigrade (4.9 degrees F) of warming since the preindustrial era.