Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. (Only the headline and picture of this report may have been reworked by the Business Standard staff the rest of the content is auto-generated from a syndicated feed.)īusiness Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. get this money on the table if COP26 is going to be a success, he said. Poor nations will not be conned and the leaders of the developed world need to. The USD100 billion of climate finance is not only a lifeline to poor and vulnerable communities on the front line of a climate crisis they did not cause, it's also the bare minimum that rich countries need to do to hold up their end of the bargain at COP26," said Mohamed Adow, director of Nairobi-based environmental think tank Power Shift Africa.Īdow warned the plan now submitted to the UK to take to the COP26 talks in Glasgow should not be considered mission accomplished.
They expressed confidence that developed countries can mobilize more than USD100 billion per year from 2024 onward, but that is unlikely to satisfy poor nations, who have insisted that the original target must be met. While developed countries have significantly scaled up their support over the last decade, new analysis shows the USD100 billion goal was unlikely to have been met in 2020 and is likely to also fall short in 20, the officials said in a statement.
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