Xi Jinping: Developed Countries Should Spend $100 Billion Each Year to Fight Climate

“The Paris agreement should help increase input of resources to ensure actions on climate change. Developed countries should honor their commitment of mobilizing $100 billion each year before 2020 and provide stronger financial support to developing countries afterwards. It is also important that climate friendly technologies should be transferred to developing countries. The Paris agreement should accommodate the national conditions of various countries and lay emphasis on practical results. It is imperative to respect differences among countries, especially developing countries, in domestic policies capacity building and economic structure. Addressing climate change should not deny the legitimate needs of developing countries to reduce poverty and improve that people’s living standards.”