All countries are agreed that funding needs to go towards mitigation and adaptation.
This money would go towards helping developing countries recover from the impacts of climate change they are already suffering. Developing nations want guaranteed compensation from developed countries - who they say are historically responsible for climate change. The majority, 82%, of this finance came from the public purse whilst the remainder was raised from the private sector,finds that the private sector could deliver 70% of total investments needed to meet climate commitments.
Why should richer nations do it? It should be those who pollute the most. Otherwise, polluters will just laugh in our face and take our money while spewing out more pollution; business as usual.
No.