U.S. calls on COP26 to expand pool of money for adaptation finance By Reuters

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U.S. calls on COP26 to expand pool of money for adaptation finance

Published Nov 12, 2021 09:21AM ET

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U.S. calls on COP26 to expand pool of money for adaptation finance

© Reuters. U.S. climate envoy John Kerry gestures as he speaks during a joint China and US statement on a declaration enhancing climate action, at the COP26 climate conference in Glasgow, Britain November 10, 2021. Jeff J Mitchell/Pool via REUTERS

GLASGOW (Reuters) - U.S. climate envoy John Kerry called on the United Nations climate summit on Friday to make sure the language covering mitigation and the end of fossil fuel subsidies was not changed and to expand on adaptation finance.

"We are strongly supportive of adaption finance. In the spirit of compromise, we will go along with the approach of doubling but we have a couple of important edits that we think make the text, in fact, stronger, more acceptable and more effective," Kerry told the summit in Glasgow.

"It doesn't make sense to limit where you can bring the money from ... Don't limit the pool from where we can draw the money, that doesn't make sense."

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Comments (1)

Felipe Daniel Nov 12, 2021 9:29AM ET

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Seems like climate change conversation is more about money than the planet...

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Roger Miller Nov 12, 2021 9:29AM ET

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And people wonder how career politicians end up millionaires.

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U.S. calls on COP26 to expand pool of money for adaptation finance

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