The Green Fund is created to help poor countries adapt to climate change and bypass some of the heavily polluting technologies formerly used by rich countries. But the USA move was an opportunity for India to provide global leadership on the issue, it said.
Michael Bloomberg is pledging to fill a funding gap created by President Trump's decision to withdraw from the Paris climate accord, offering up to $15 million to support the United Nations agency that helps countries implement the agreement. On Wednesday, Musk said he had worked hard to convince White House officials to remain committed to the pact.
The Paris accord, signed by almost 200 countries in 2015, was meant to limit global warming to 2 degrees or less by 2100, mainly through country pledges to cut carbon dioxide and other emissions from the burning of fossil fuels.More news: Putin says US hackers could have framed Russia in election hack
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His proposal to open negotiations for a new or updated deal was quickly rebuffed by France, Italy and Germany, leaving America out in the diplomatic cold. Bill Peduto, the Democratic mayor of Pittsburgh, a city that symbolises the rise and fall of the USA coal and steel industries, said the city would proceed with plans made as Paris commitments.
"Does the president still believe global warming is a hoax?".
And they warned the United States would be hardest hit - economically and diplomatically by the fallout. As USA Today explains, the UNFCCC's fund is set up such that industrialized nations contribute more to efforts aimed at reducing carbon emissions in developing countries because such nations spew more pollutants into the atmosphere on a per capita basis than their poorer counterparts.
The two parties consider "climate action and the clean energy transition an imperative more important than ever", a draft of the document said, adding that China and the European Union will step up their efforts to implement the Paris agreement.
Chinese Premier Li Keqiang, in Brussels for an EU-China business summit, said it was important for China and EU relationships to become more stable.