Minister of Environment and Climate Change Steven Guilbeault at a press conference in Ottawa on Monday, Nov. 4, 2024.
Environment Minister Steven Guilbeault said Wednesday he wants China and Saudi Arabia to contribute to a new international fund to help poorer countries struggling with the worst effects of climate change. Environment Minister Steven Guilbeault said Wednesday he wants China and Saudi Arabia to contribute money to international efforts to help poorer countries struggling with the worst effects of climate change.
"China will become, in fact, one of the biggest historic polluters in the coming years," Guilbeault said.Minister of Environment and Climate Change Steven Guilbeault said Canada cannot address climate change ‘without making sure that others are chipping in as well.’ Guilbeault said countries like Saudi Arabia ‘should be part of a broader donor country base to help countries in the south.
Wealthy Western countries, including Canada, backed the previous commitment at the COP15 conference in 2009 of assembling $100 billion US in climate financing each year. The European Union and the 23 countries at COP15 committed to delivering on the money commitment by 2020. On a briefing call with reporters Wednesday, officials with Guilbeault's department would not say what the new international climate finance target should be, or how much Canada and other countries should contribute.
"The amount of public dollars available around the world is limited, and there is a lot more money in the private sector," he said.Rich countries have finally hit their $100B US climate finance goal, Guilbeault says
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