Rich Countries Pony Up (Some) for Climate Justice

It’s one of the oldest tricks in politics: Talk down expectations to the point that you can meet them.

And it played out again in Berlin as 21 countries—including the United States—pledged nearly 9.5 billion dollars to the Green Climate Fund, a U.N. body tasked with helping developing countries cope with climate change and transition to clean energy systems.

The total—which will cover a four-year period before new pledges are made—included three billion dollars from the United States, 1.5 dollars billion from Japan, and around one billion dollars each from the United Kingdom, France, and Germany.

That’s a big step in the right direction. But put into context, 9.5 billion dollars quickly sounds less impressive.

Full article at Foreign Policy in Focus