HEADLINE U.S. withdrawal may have implications on climate financing

HEADLINE

U.S. withdrawal may have implications on climate financing

Xinhua

04:20, November 11, 2017

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[Photo: Xinhua]

A Chinese negotiator at the ongoing UN climate talks here said Friday that the U.S. withdrawal from the Paris Agreement might have some implications on the "already significant financing issues".
Gu Zihua, the negotiator, made the remarks responding to a question about whether the United States' withdrawal have any implications on climate financing at a press briefing held by the Chinese delegation.
Focusing on technical issues, the first week of the 23rd Conference of Parties (COP 23) to the United Nations Framework Convention on Climate Change (UNFCCC) is drawing to an end.

Chen Zhihua, another Chinese negotiator, said financing is a concern of not only China but all the developing countries, "because the gap is there". "If the United States is going to make less contribution, the gap is going to get bigger," Chen said.
Gu made clear the stance that the obligation of financing is a collective one of the developed countries. "So if one developed country withdraws, we hope that other developed countries enhance their contributions to fill that gap, and we also believe that local government, corporations and non-state actors in the United States can play a role to fill that gap," Gu said.
Gu pledged China would continue to make contributions on a voluntary basis and through south-south cooperation to help other developing countries to address climate change.

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