From Angela Dewan, Ella Nilsen and Rachel Ramivez, CNN

European Commission President Ursula von der Leyen on Wednesday announced €4 billion (£1.1 billion) in extra global finance to countries involved in global warming, calling for the US and other bloc allies to do their fair share.

Developed countries agreed to do so more than a decade ago, and in the Paris accord of 2015 committed to transfer $100 billion every year to developing countries per year by 2020 in order to support green change and adjust to climate change effects.

The world missed that deadline together a year ago.

The United States has been especially criticized for failing to make transmission during the four years of the Trump administration.

In her annual State of the Union speech to the European Parliament, von der Leyen highlighted the European Union as the world’s top provider of climate finance, urging the US and others to “step up.”

“Team Europe contributes €25 billion a year. But others still leave a gaping hole towards reaching the global target. So closing that gap will increase the chance of success in Glasgow,”Ursula von der Leyen

“Team Europe contributes €25 billion a year. But others still leave a gaping hole towards reaching the global target. So closing that gap will increase the chance of success in Glasgow,” says von der Leyen with regard to the United Nations climate change conference COP26.

She promised the extra €4bn will be paid out by 2027.

Ursula von der Leyen

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Ursula Gertrud von der Leyen ; née Albrecht; born 8 October 1958) is a German politician and physician who has been President of the European Commission since 1 December 2019. (wikipedia)


von der Leyen Commission

The von der Leyen Commission is the current European Commission, in office since 1 December 2019 and is to last until the 2024 elections. (wikipedia)


President of the European Commission

The president of the European Commission is the head of the European Commission, the executive branch of the European Union. The President of the Commission leads a Cabinet of Commissioners, (wikipedia)


European Commission

The European Commission is the executive branch of the European Union, responsible for proposing legislation, enforcing EU laws and directing the union’s administrative operations. (wikipedia)


European Parliament

The European Parliament is one of three legislative branches of the European Union and one of its seven institutions. Together with the Council of the European Union, it adopts European legislation, (wikipedia)


2019 European Parliament election

An election to the European Parliament was held between 23 and 26 May 2019, the ninth parliamentary election since the first direct elections in 1979. (wikipedia)


Economy of the European Union

The economy of the European Union is the joint economy of the member states of the European Union . It is the third largest economy in the world in nominal terms, after the United States and China, (wikipedia)


European Union

The European Union is a political and economic union of 27 member states that are located primarily in Europe. The union has a total area of 4,233,255. (wikipedia)

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