Mushahidullah Khan , the Federal Minister for Climate Change Senator greatly approves the declaration about the highly anticipated agreement by the French president . The Agreement requests rich countries to help increase climate finance for developing countries , asking them to pledge $ 100 billion a year by 2020 . It is more likely inescapable to agreeing the new global climate deal in Paris this year.
The minister added in a statement to support the French president that the proposal for a climate agreement would most likely be unsuccessful without any financial pledge by polluting countries like USA, UK, Germany, Canada and Poland which will be reached in Paris by the end of the year with more than 196 rich and poor countries.
The minister stated, “How can the world witness a global climate agreement during the two-week long UN-led world climate conference that aims for reducing global-warming causes and climate-altering carbon emissions when rich countries do not seem to be on path of honoring their financial pledges for poor countries.”
In 2009, at the Copenhagen the UN had said that rich countries pledged to prepare $100 billion each year by 2020 in climate finance to aid poorer countries survive with intensifying severe weather , the rising seas and aid to generate their economies without contributing to pollution by using energy that do not harm the environment.
Germany pledged $10.2 billion to Green Climate Fund (GCF) as part of the climate fund collection pledge among rich countries at UN that led a donor conference last year on November in Berlin. The informal target was $10 billion as an initial capitalization suggested by GCF .
The minister said in regret “But, it is a matter of grave concern for the developing countries, including Pakistan that rich countries have contributed so far around 42 per cent of the $10.2 billion,”
He emphasized that financing the project is most important and must be a part of the idea to assist poor nations so that they may be able to switch to low-carbon growth.
The minister stated, “It is imperative for the UN’s Green Climate Fund, which has pledged $10.2 billion so far to select the first projects, it will back before the Paris climate talks in December this year in order to develop trust between developed and developing nations.”