The 2009 U.N climate summit in Copenhagen mandated that poorer nations -- historically blameless for global warming, but most at risk -- were to receive $100 billion annually starting from 2020 to help curb their carbon footprint and cope with future climate impacts.
As of 2018, the last year for which data is available, money from all sources earmarked for climate-related projects totalled $78.9 billion, up about 11 per cent from the year before, the Organisation for Economic Co-operation and Development said in a detailed report, its third since 2015. "Climate finance is a lifeline for communities facing record heatwaves, terrifying storms and devastating floods," said Tracy Carty, co-author of an in-depth "shadow report" on climate finance compiled by experts at global NGO Oxfam.
But once loan repayments, interest and other forms of over-reporting are stripped out, only about $20 billion per year remained in climate-specific "net assistance," barely a third of what rich countries reported, Oxfam said. The worst offender in this category according to Oxfam was France, which provided almost 97 per cent of its bilateral climate aid as loans and other non-grant instruments.However much climate assistance was doled out in 2018, very little of it went to the countries most in need, the OECD and Oxfam reports agree.
Of course! They are using the money to help covid strapped citizens!
Thanks to the pandemic there are no rich nations any more. We're all In debt!