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2021-06-12

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G-7 leaders poised to turn spotlight on green finance at summit

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At the Group of Seven (G-7) summit in the UK, they'll get a fresh chance ...</p>\n\n<a href=\"http://www.straitstimes.com/world/europe/g-7-leaders-poised-to-turn-spotlight-on-green-finance-at-summit\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>G-7 leaders poised to turn spotlight on green finance at summit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nG-7 leaders poised to turn spotlight on green finance at summit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-11 09:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/world/europe/g-7-leaders-poised-to-turn-spotlight-on-green-finance-at-summit><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON (BLOOMBERG) - The world's richest governments are under mounting pressure to help poor countries fight climate change. At the Group of Seven (G-7) summit in the UK, they'll get a fresh chance ...</p>\n\n<a href=\"http://www.straitstimes.com/world/europe/g-7-leaders-poised-to-turn-spotlight-on-green-finance-at-summit\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"http://www.straitstimes.com/world/europe/g-7-leaders-poised-to-turn-spotlight-on-green-finance-at-summit","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142273467","content_text":"LONDON (BLOOMBERG) - The world's richest governments are under mounting pressure to help poor countries fight climate change. At the Group of Seven (G-7) summit in the UK, they'll get a fresh chance to do something about it.\nLeaders of the G-7, including US President Joe Biden and German Chancellor Angela Merkel, are set to meet in Cornwall, England from Friday (June 11) through Sunday.\nOn the agenda is a discussion of how to help finance a shift to cleaner energy in low-income countries.\nObservers are looking for a pledge from the group to steer the recovery from the pandemic in a greener, fairer direction.\nA draft document seen by Bloomberg News ahead of the summit includes a commitment for \"each\" G-7 member to increase its financial contributions to help the poorest countries decarbonise.\nSpecifics are still under discussion. Canadian Prime Minister Justin Trudeau is expected to announce new funding, according to a person familiar with the matter.\nA strong declaration from the G-7 could help build trust internationally. In 2009, developed countries pledged to collectively devote US$100 billion (S$132.4 billion) annually to climate transition in poorer countries by 2020. The latest data show they've so far failed to make good on that promise.\nConcrete action this week could also rally other countries to step up their ambition at this year's UN climate change conference, scheduled to be held in Glasgow in November.\nThe aim, affirmed in the 2015 Paris Agreement on climate change, is to put the world on a path to limiting global temperature increases to less than 2-degrees Celsius, striving for 1.5 degrees if possible.\nWhy it matters\nThe question of who pays to tackle climate change lies at the heart of global action. Poor countries say they need funding if they are to invest in the technologies needed to wean themselves off fossil fuels, while also dealing with the worst impacts of global warming, such as rising sea levels and heat waves.\nRich countries - many of which were able to develop over the last century while spewing greenhouse gases into the atmosphere - agreed to help pay via their US$100 billion-a-year commitment, made during a 2009 UN climate summit in Copenhagen.\nThis year, all nations are supposed to set enhanced national climate goals in a bid to avoid a climate catastrophe. But some countries have said more needs to be done to help developing countries meet their targets. At a White House summit in April, leaders of Indonesia and Bangladesh were among those who called for additional support.\nWhat has been promised?\nClimate finance mobilised by developed countries reached $78.9 billion in 2018, far short of the US$100 billion agreed, according to the latest data from the Organisation for Economic Co-Operation and Development. The funding comes from a mixture of sources, including private and public institutions.\nDonor countries and multilateral development banks are under pressure to ensure that half of the money goes into adaptation, or adjusting to climate change, not just cutting carbon emissions. At the moment, just a fifth of the funding goes to adaptation and resilience.","news_type":1},"isVote":1,"tweetType":1,"viewCount":191,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["00979","GNBC"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":5,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/188810939"}