Sunday, November 13, 2016

Trump Win Threatens Climate Funds for Poor, a Key to Paris Accord

Snow falls on a campaign sign for U.S. Republican presidential nominee Donald Trump in the village of Kingston, New York, U.S., as the first winter weather of the season moved into parts of the northeast U.S., October 27, 2016. (Credit: Reuters/Mike Segar) Click to Enlarge.
President-elect Donald Trump's policies are likely to make it harder for developing nations to obtain the growing finance they need to combat climate change, threatening one pillar of a 2015 international agreement to slow global warming.

Many developing nations' promises to act under last year's Paris Agreement set pre-conditions including increasing funds to help them limit greenhouse gas emissions and make their economies more resilient to heat waves, floods, storms and rising seas.

Without extra money, they say they won't be able to do so much.  Trump, who has called man-made climate change a hoax, wants to cancel the Paris Agreement and halt any U.S. taxpayer funds for U.N. global warming programs.

If he follows through, that will threaten a collective pledge by rich nations in Paris to raise climate finance from both public and private sources from a combined $100 billion a year promised for 2020.

Since Trump's win, nations from China to Saudi Arabia have reaffirmed their support for the Paris Agreement's goal of eliminating net greenhouse gas emissions sometime from 2050 to 2100.

But there is widespread unease about finance at the Nov. 7-18 talks on climate change among almost 200 nations being held in Marrakesh, Morocco.

Read more at Trump Win Threatens Climate Funds for Poor, a Key to Paris Accord

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