Sunday September 22, 2019
Home Environment Chile to Begi...

Chile to Begin Budgeting for Costs of Fighting Climate Change

Chile will begin budgeting for the costs of fighting climate change, Finance Minister Felipe Larrain announced Tuesday, as receding glaciers

0
//
Chile, Budgeting, Climate Change
FILE - Chile's Finance Minister Felipe Larrain attends an interview with Reuters at the OECD headquarters in Paris, France, May 31, 2018. VOA

Chile will begin budgeting for the costs of fighting climate change, Finance Minister Felipe Larrain announced Tuesday, as receding glaciers and drought put a squeeze on water and natural resources in the world’s top copper producer.

The South American nation, which is due to host the COP25 global conference on climate change in December, said it would include a new line item for “climate expenditures” in its government budgets beginning in 2020.

“Currently, we don’t know how much we’re spending in the financing of climate action. The lack of information makes it difficult to make good decisions,” Larrain told reporters.

The methodology, called the Climate Public Expenditures and Institutional Review (CPEIR), is sponsored in part by the United Nations Development Program (UNDP), and has received funding from Germany. It includes a tool that allows countries to more precisely track how much money is spent on fighting climate change.

Chile, Budgeting, Climate Change
FILE – The Codelco El Teniente copper mine, the world’s largest underground copper mine, is shown near Machali, Chile, April 11, 2019. VOA

Larrain said the tool would allow Chile to “assess … the costs of inaction, that is, incorporate the analysis of the cost of not implementing immediate and timely measures.”

A years-long drought in Chile, coupled with a growing population and a sprawling copper and lithium mining industry thirsty for water, have forced Chilean officials to look more closely at the costs of climate change.

“The lands threatened by desertification exceed 60% of the national territory. … Having an estimate of the critical investments we must make to address the issue of desertification and soil erosion can have a great impact,” he said.

Also Read- Mosquitoes Pose Threat to More Than Half the World’s Population

The CPEIR methodology is already applied in more than 30 countries, including Colombia and Ecuador. (VOA)

Next Story

Worldwide Protests against Climate Change to Draw More than One Million Participants

A day of worldwide protests against climate change is underway that organizers predict will draw more than one million participants

0
Worldwide, Protests, Climate Change
Activists march in a climate change rally in London, Britain, Sept. 20, 2019. VOA

A day of worldwide protests against climate change is underway that organizers predict will draw more than one million participants, the largest-ever expected demonstration decrying the man-made causes of a warming planet.

Friday’s protests began across Asia, where hundreds of thousands of students and others took to the streets calling for action against climate change ahead of a United Nations summit on the issue. The protests later spread to Africa and Europe, with huge crowds filling the streets.

In Australia alone, more than 300,000 children and adults rallied with the backing of some local authorities, schools and businesses. School Strike 4 Climate in Australia said the throngs of protestors represented the largest climate protest in the country’s history. Warmer weather patterns have taken a toll on Australia, sparking drought, flooding, more intense brushfires and the whitening of the Great Barrier Reef.

Smaller protests occurred across Asia, from the Philippines to Hong Kong and India.

Worldwide, Protests, Climate Change
Activists call for action against climate change at a rally in Karachi, Pakistan, Sept. 20, 2019. VOA

Rallies are also underway in the United States, where organizers say more than 800 events have been planned, including several high-profile demonstrations in New York. More than 1 million students in some 1,800 New York City public schools have been allowed to skip school in order to participate.

In Africa, protests were held in Nairobi, Kenya and in the South African cities of Johannesburg and Pretoria. Experts say Africa is the most vulnerable continent to climate change and the least equipped to deal with the phenomenon.

Swedish teenage activist Greta Thunberg helped inspire the protests, staging weekly demonstrations for the past year calling on world leaders to bolster efforts to combat climate change. Friday’s Global Climate Strike is the third of several worldwide climate rallies organized by students and led by the 16-year-old Thunberg.

Thunberg is scheduled to speak at an emergency U.N. climate change summit on Monday, when Secretary-General Antonio Guterres is expected to urge world leaders to exceed their commitments to the 2015 Paris climate accord.

Also Read- Walmart Discontinuing Sale of E-Cigarettes and Electronic Nicotine Delivery Products at its U.S. Stores

Guterres has demanded that countries present plans of direct action, including ending construction of coal-fired power plants and reducing fossil fuel subsidies.

Countries that are committed to the Paris agreement have pledged to limit the long-term rise in the Earth’s average temperature to two degrees over pre-industrial levels.

Worldwide, Protests, Climate Change
Kenyan protesters, predominantly young people, march demanding their government take immediate action against climate change, in Nairobi, Kenya, Sept. 20, 2019. (M. Yusuf/VOA) VOA

A U.N. report to be released next week is expected to conclude that global warming and pollution are devastating oceans and polar regions, raising risks for ecological devastation around the world.

Also Read- Smokers Who Quit Do Not Generally Turn their Gaze Towards Mouth-Watering Food as Normally Thought

The Trump administration has cast doubt on a broad scientific consensus that the earth is warming and human activity is mostly to blame. (VOA)