Saturday, 12 December 2020, 12:45 pm
Meeting the pledge by developed countries to mobilize at
least US$100 billion a year to support developing countries
in mitigating and adapting to climate change, lagging even
before the COVID-19 pandemic, requires urgent action,
according to a new report by independent experts released
today by the United Nations.
Since economic distress
is now acute, and the climate crisis is only getting worse,
the report emphasizes surpassing $100 billion in 2021 and
beyond. It also stresses the sum as a starting point for
significantly ramping up climate finance from all sources.
This will be imperative to drive strong and sustainable