World News | Despite being ‘largest annual emitter of greenhouse gases’, China unlikely to pay for climate change: report

washington [United States], November 25 (ANI): The United Nations recognized China as a developing country in 1992, however, the situation has now changed and China is now the world’s second largest economy. “China is the largest annual emitter of global warming greenhouse gases,” reports The Washington Post. However, the UN’s classification of China has remained unchanged for the past three decades.

According to diplomats from developed countries, this classification allows China to avoid paying the price of helping poor countries cope with the impact of climate change. Discussion about how much China needs to pay to countries affected by global warming has intensified following the recent UN Climate Change Conference (COP27) in Egypt.

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At the end of the COP27 summit, negotiators from nearly 200 countries agreed to create a fund to compensate vulnerable countries for addressing climate-related problems, including rising sea levels and storms. The Washington Post quoted analysts as saying that China was unlikely to pay for the fund despite “China’s growing contribution to greenhouse gases.”

Notably, China is allied with more than 100 developing countries that have pressured rich nations for additional financial aid at past U.N. climate summits. “The facts are clear: China is currently the world’s largest emitter,” said Li Shuo, senior policy advisor for Greenpeace East Asia.

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Li Shou called talking about China’s growing responsibility on international platforms a “very valid question,” according to The Washington Post. Chinese policymakers disagree with suggestions that China should be considered a developed country. Extreme poverty still exists in China, according to Chinese policymakers.

Chinese policymakers stress that the United States emits more greenhouse gases into the atmosphere than any other country in history. Byford Tsang, senior policy advisor at international climate think tank E3G, emphasized that, according to news reports, China continues to align itself with developing countries on funding issues.

Byford Tsang said more prosperous developed countries helped China take a stand because they had yet to meet their climate finance commitments. Chinese officials have not announced whether they will contribute to the fund. Notably, according to news reports, delegates at the COP27 summit agreed on a “loss and damage fund.”

In response to a question about COP27 funding, Xie Zhenhua, China’s climate envoy, said Beijing “strongly” supported developing countries’ statements on “loss and damage”. Xie pointed out that China is a developing country and will face losses due to climate disasters in 2022.

Xie Zhenhua emphasized that this is not China’s responsibility. According to the “Washington Post” report, Beijing has provided 2 billion yuan to help developing countries reduce emissions and adapt to global warming. Analysts stressed that it seemed unlikely that Chinese officials would channel climate aid through the United Nations and make “aggressive commitments” on the issue.

Lauri Myllyvirta, a research fellow at the Helsinki-based Center for Energy and Clean Air Research, emphasized that paying the fund could make China more accountable within the U.N. system. According to news reports. During the negotiations at COP27, delegates agreed to prioritize fragile states and allow China to contribute as they wished. (Arnie)

(This is an unedited and auto-generated story from a Syndicated News feed, the content body may not have been modified or edited by LatestLY staff)