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Africa calls for climate finance tracker after donors fall short

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LIBREVILLE: African countries want a new system to track funding from wealthy nations that are failing to meet a US$100-billion annual target to help the developing world tackle climate change, Africa\u0027s lead climate negotiator said. The demand highlights tensions ahead of the COP26 climate summit between t

LIBREVILLE: African countries want a new system to track funding from wealthy nations that are failing to meet a US$100-billion annual target to help the developing world tackle climate change, Africa's lead climate negotiator said.

In 2009, developed countries agreed to raise US$100 billion per year by 2020 to help the developing world deal with the fallout from a warming planet. Temperatures in Africa are rising at a faster rate than the global average, according to the latest UN climate report. It forecasts further warming will lead to more extreme heatwaves, severe coastal flooding and intense rainfall on the continent.

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