Wealthy nations that promised climate finance for vulnerable countries have conceded that an annual $100bn goal, due to be met from 2020, will not be reached
Wealthy nations that promised climate finance for vulnerable countries conceded on Monday that an annual $100-billion goal, due to be met from 2020, will not be reached until 2023, which campaigners warned could thwart progress at upcoming U.N. talks.
The COP26 Presidency has outlined plans to finally make good on a commitment from OECD nations to provide $100bn of climate finance to poorer countries annually, but stated that the full amount will not be delivered this year or next.