A ten-year-old goal of raising US $ 100 billion to help developing countries tackle climate change and adapt to its impacts is unlikely to be reached for two years.
This is the conclusion of a new report by Canadian Environment Minister Jonathan Wilkinson and German Secretary of State for the Environment Jochen Flasbarth, presented a week before the start of climate talks at the COP 26 of Nations United, Scotland.
MM. Wilkinson and Flasbarth were invited by COP26 President-designate Alok Sharma in July to come up with a plan to finally deliver on a 2009 pledge to raise $ 100 billion annually by 2020.
Missing money is likely to be a source of friction when countries meet in Scotland, as developing states and small island states least responsible for global warming are urged, along with richer countries, to redouble efforts to reduce emissions by 2030.
The pledge of climate finance first made in 2009 was echoed during the Paris climate talks in 2015 and was one of the reasons the least developed and most affected countries of the world agreed to sign. the agreement.
MM. Wilkinson and Flasbarth expect the target to finally be met in 2023, before climate finance pledges exceed US $ 100 billion in 2024 and 2025.
Mia Rabson, The Canadian Press