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Despite Talk of New Funds for Climate Change, Rich Nations Are Only Diverting Development Aid

A new report finds that richer countries' tendency to reroute funds meant for development – including those meant for poverty eradication – harms poorer countries. But this is unsurprising, say experts. ....

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Poor nations 'squeezed' as debt surges and climate adaptation cash falls short

Developing nations alone will need up to $500 billion by 2050 for adaptation, the U.N. has said. ....

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Analysis-Poor nations 'squeezed' as debt surges and climate adaptation cash falls short

The costs for vulnerable countries to adapt to global warming are up to 10 times higher than available funding, the United Nations said on Thursday, warning rising indebtedness is putting them under more strain in dealing with surging climate threats. ....

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Failure to meet climate finance goal risks hurting COP26 talks

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 ....

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Analysis-'Shameful' failure to meet climate finance goal risks undermining COP26 talks

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. ....

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