Hollande Says Rich Countries Must Pay Up for Climate Technology
- Financing key to Cop21 success, French president says in Seoul
- U.S. Congress has blocked payments to Green Climate Fund
The U.S. Congress has blocked America’s $3 billion contribution to the UN’s $10 billion Green Climate Fund, while France has paid its $1 billion share.
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French President Francois Hollande issued a thinly veiled call to the U.S. to pay its promised share into a United Nations fund for climate projects in developing countries.
“The richest countries must do their part,” Hollande said in Seoul after a round-table discussion on climate at a South Korean University, without specifically referring to the U.S. “Sometimes those who talk the most do the least.”