Rich countries break their $100billion climate funding pledge

We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info

In 2009 rich countries pledged to provide the developing world with $100billion a year for five years from 2020 to help them adapt to global warming.

Poorer countries feel they are already suffering from rising sea levels, droughts and extreme weather caused by the emissions of the richer industrialised nations.

Yesterday the UK’s COP26 climate summit presidentdesignate, Alok Sharma, admitted the target is not going to be met until 2023 at the earliest.

He insisted progress is being made and that over five years the total raised is likely to exceed $500billion.

Mr Sharma said: “The last set of figures from 2019 were at $80billion…the goal was almost certainly missed in 2020.”

The setback follows the refusal of leaders of some of the world’s biggest polluters to attend the two-week Glasgow summit, including China and Russia, and possibly Brazil.

Source: Read Full Article