Rich Nations Hit Climate Finance Goal Two Years Late

  • 7 months ago
Rich Nations Hit , Climate Finance Goal , Two Years Late.
According to November 16 data, the promise of rich
countries to deliver $100 billion annually to poorer
nations for climate finance has finally been met.
'The Guardian' reports that the news
comes two years after the deadline first set
at a 2009 climate summit in Copenhagen.
At the time, rich nations pledged that the amount
meant to help poorer nations cut greenhouse
gas emissions would be delivered by 2020.
Failure to reach this goal has been the source
of tension at recent global climate talks. .
Despite failing to meet this deadline, news of the promise
finally being fulfilled is likely to be a significant boost for
the United Nations' upcoming COP28 climate talks.
Despite failing to meet this deadline, news of the promise
finally being fulfilled is likely to be a significant boost for
the United Nations' upcoming COP28 climate talks.
News that the long overdue goal has likely
been met is a very welcome ray of sunshine.
This will help rebuild much-needed trust
between developing and developed
countries, which will go a long way toward
achieving a positive outcome at Cop28, Ani Dasgupta, President of the World
Resources Institute, via 'The Guardian'.
Steven Guilbeault, the climate and
environment minister of Canada, said, , "The previous failure to meet the target
showed countries like Canada and other
developed countries were not serious.".
Having this information shows that we
have met the goal is a very important
milestone … [It] goes a long way to
building the momentum we need to
deliver a successful outcome in Dubai, Steven Guilbeault, the climate and environment
minister of Canada, via 'The Guardian'.
Having this information shows that we
have met the goal is a very important
milestone … [It] goes a long way to
building the momentum we need to
deliver a successful outcome in Dubai, Steven Guilbeault, the climate and environment
minister of Canada, via 'The Guardian'.
'The Guardian' reports that other wealthy nations have
also conceded that while meeting the goal is a positive
step in the right direction, much more needs to be done. .
'The Guardian' reports that other wealthy nations have
also conceded that while meeting the goal is a positive
step in the right direction, much more needs to be done. .
This is an important step forward,
but it’s clear we can’t stop here.
We will require coordinated
efforts by a whole range of actors
[to ensure more finance in the future], Jennifer Morgan, Climate envoy for Germany, via 'The Guardian'

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