Developed countries met global climate finance goal two years late, OECD says

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 38 sec. here
  • 49 min. at publisher
  • 📊 Quality Score:
  • News: 182%
  • Publisher: 92%

Canadian News Nouvelles

Canada News,Breaking News Video,Canadian Breaking News

The $100-billion is far less than the trillions developing countries need to invest in clean energy fast enough to meet climate goals and protect their societies from extreme weather

Developed countries achieved their pledge to provide $100-billion to help poorer countries cope with climate change in 2022, the OECD said on Wednesday, confirming the target was met two years late.

They provided $115.9-billion in climate finance in 2022, meeting the goal for the first time, the Organisation for Economic Co-operation and Development said in a report. The total also includes private finance mobilized by public funds. But the missing $100-billion has become politically symbolic, stoking mistrust between nations at recent UN climate talks, as some developing countries argue they cannot agree to curb CO2 emissions faster if the world’s economic powers do not deliver promised financial support.

The majority – 69 per cent – of the $91-billion in public climate finance provided in 2022 was loans. That has prompted criticism from some climate-vulnerable countries, who say this exacerbates debt burdens.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 5. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Malaysia PM says targeting over $100 billion in investment for semiconductor chipsExplore stories from Atlantic Canada.
La source: SaltWire Network - 🏆 45. / 63 Lire la suite »