Activists in New York are trying to shame rich countries into keeping an expensive promise to the Global South. A new version of a digital “climate clock” displayed in Union Square shows a climate-action timeline along with an amount rich countries still owe.

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These richer countries promised to invest $100 billion annually in a global green energy fund to help developing nations. According to one photo taken of the digital clock, those countries are wondering about the whereabouts of the other roughly $90.5 billion promised this year.

Related: NYC Metronome clock now displays deadline for irreversible global warming

The climate clock forms part of the backdrop in which the United Nations General Assembly began its meeting in New York on Monday. The U.N. recently labeled the sorry state of our climate as a “code red for humanity.” According to the clock, we have about seven years and 300 days to slash emissions before facing the worst climate emergency.

“The new IPCC report sent a clear, unequivocal message: we are in a climate emergency, and without drastic corrective action on track for climate catastrophe,” said Laura Berry, Climate Clock research and advocacy director, in a statement, as reported by Common Dreams.

The original climate clock was unveiled last September. Organizers of the display aren’t impressed by the progress made since then. They’re especially irate that the U.S. has failed to honor its financial obligations.

Africa needs countries like the U.S.—that are the greatest contributors to the problem—to also contribute the most to helping solve it,” said Climate Clock global ambassador Jerome Ringo. “The United States is only 5% of the world’s population but is responsible for 25% of the world’s carbon emissions. We must contribute our fair share to the Green Climate Fund.”

A lot of individuals and organizations are pessimistic about whether the richer countries will step up. Oxfam International estimated that “wealthy nations are expected to fall up to $75 billion short of fulfilling their longstanding pledge to mobilize $100 billion each year from 2020 to 2025 to help the most vulnerable countries adapt to the dangerous effects of climate change and reduce their emissions.”

Via Common Dreams

Lead image via Pixabay