$100 billion mark for another few years. so that is going to be discouraging for poorer countries to hear, who already this year have seen rich countries not making good on their vaccination pledges through covax. latika, scott morrison, the australian prime minister, said this week, or in the last few days, that he has come up with a uniquely australian solution, having been one of the laggards in this international debate on climate change. tell us more. well, the australian way , as the prime minister likes to refer to it, is deeply unambitious in the short term. now, we shouldn t understate just how significant it is for a prime minister of australia to stand up and say we are going to commit to net zero by 2050 which is what he said this week, and for him to still remain in the job the next day is extraordinary. this has not happened in australian politics for at least a decade. in fact, we have played musical chairs with our prime ministers and political leaders over this
we have to bring in all the stakeholders. my question that i sit her and wonder about when putin didn t show up and president xi didn t show up for here and these are two nations that are pushing the in. you heard what bill said about sergei lavrov today saying this is unfair to hold us to 2050. you say 2050. why should we go for that? okay. reverse that? what are we going to do to hold them to the compliance that is necessary and these are the even tougher questions. let s have a kumbaya and get together and make this work. we all understand that we re looking at it as individual nations still. we cannot afford to do that, yes. we need everyone around the table and we need to aim big. somebody was just at the podium that was a tech check. guarantee you he doesn t show up in a beige suit. he s going to talk about big numbers that the united states is committing. the pushback is going to be nic s point about enforcement and getting those who are laggards to step up and how.
slightly behind them are the uk and canada, and the main laggards the united states, which is important because it s so big, and particularly italy. and here s a crucial point. by 2018, about three quarters of the public money made available for climate action in developing countries was in the form of loans that need to be paid back rather than grants that don t. the share of grants was higher to the very poorest countries, but still less than half the total. and that is a big problem in countries where the covid pandemic has made access to international funds even more pressing. many countries are already heavily in debt, and huge loans will make that problem worse. so, it s a critical issue. the message from the world s poor to rich countries in the run up to the glasgow summit, if you want ambitious climate targets, you re going to have to pay for them. police in derbyshire have arrested a man as part of a murder investigation after four people were found dead at a house in
slightly behind them are the uk and canada. but the main laggards are the united states which is important because it s so big, and particularly italy. here s the crucial point: by 2018, about three quarters of the public money made available for climate action in developing countries was in the form of loans that need to be paid back rather than grants that don t. the share of grants was higher to the very poorest countries, but still less than half the total. and that s a big problem in countries where the covid pandemic has made access to international funds even more pressing. many countries are already heavily in debt and huge loans will make that problem worse. so it s a critical issue. the message from the world s poor to rich countries in the run up to the glasgow summit if you want ambitious climate targets, you re going to have to pay for them. now it s time for a look at the weather with susan powell.