Bulgaria contributes 20,000 euros to the Green Climate Fund to help mitigate the effects of climate change

Bulgaria will provide a contribution of BGN 39,117 (EUR 20,000) to the Green Climate Fund from the planned budget funds for official development assistance. The Council of Ministers approved a draft tripartite agreement on the Green Climate Trust Fund between the Government of the Republic of Bulgaria, the Green Fund and The International Bank for Reconstruction and Development as a temporary trustee of the fund.

As a party to the UN Framework Convention on Climate Change and the Paris Climate Agreement, with its contribution Bulgaria will contribute to the solidarity efforts of the international community to formulate integrated and comprehensive policies aimed at increasing the capacity to adapt to and mitigate adverse effects. from climate change.

Let us recall that Bulgaria falls into the group of developed countries. That is why a few years ago an annual deduction of small sums for raising this fund began. The Bulgarian government gave 20,000 euros. This is Bulgaria's answer to the extent to which it can be sympathetic to developing countries for 15 years of EU membership. The amount of 20,000 euros in 2019 increased to 100,000 euros. But today we see again that it is reduced to 20,000 euros.

The commitment is voluntary. The raising of this capital is shaped by how each country contributes to global emissions. The seven largest emitters in the world, which generate the bulk of emissions, are China with 26%, the United States with 13%, the EU with 8-9%, India - 7%, Russia - 5%, Australia - 4%. Countries that emit more are expected to support the raising of this capital with larger amounts. This does not undo the commitment that each signatory to the Paris Agreement must first and foremost set its own national path for reducing emissions to limit global warming to 1.5 degrees.

Nobody expects Bulgaria to become a big donor, but Bulgaria is expected to be a supporter of European goals and policies, which Bulgaria does not actually do, Georgi Stefanov, WWF's Climate and Energy Coordinator, commented in an interview with 3e-news.net.