for reorienting global finance systems and pursuing an "absolute transformation" of institutions like the World Bank in the face of the growing climate threat.earlier this week, "and unless you have a plan to live on Mars that I don't know about, then we need to work together to make it better."
"While leaders at the Paris summit acknowledged the significant shortfalls in climate finance and offered some new proposals, the event did not deliver the transformative breakthroughs that are desperately needed,"Rachel Cleetus, lead economist and policy director for the climate and energy program at the Union of Concerned Scientists.
The summit came as rich nations faced mounting backlash for failing to meet their 2009 pledge to mobilize $100 billion per year in climate funding for low- and middle-income countries.published earlier this month found that rich nations only delivered $24.5 billion at most in real climate funding for vulnerable nations.