Wealthy countries edge towards global climate finance goal

Reuters

Wealthy countries have ramped up financing to help developing countries cut carbon emissions and cope with the impact of climate change, although it is unclear if they will meet their goal of $100 billion this year.

…”Developed countries haven’t yet delivered on their promise, both in terms of quantity and quality,” said Mohamed Adow, director of Nairobi-based think-tank Power Shift Africa.

Adow urged developed countries to increase support for “climate adaptation” – such as defences against wilder weather, or methods to adapt farming practices during droughts and floods.

Only a fifth of global contributions went on adaptation last year, while most support focussed on cutting greenhouse gas emissions in developing countries.

The European Union and its member countries are, taken together, the biggest provider of climate finance to developing countries. The EU said last week it also increased such contributions in 2019, to 21.9 billion euros.

Leave a Reply

how can we help you?

Please let us know if you have a question, want to leave a comment, or would like further information about Power Shift Africa.

Upcoming Events
Tweet Feeds

2020 set to be one of the three warmest years on record

Worrying new report from the @WMO underlining the need for urgent action to tackle the #ClimateCrisis

https://www.bbc.co.uk/news/science-environment-55150910 Story by @MattMcGrathBBC

"Biodiversity is collapsing. Deserts are spreading. Oceans are choking with plastic waste....Our planet is broken."

@antonioguterres with powerful intervention on the #StateofthePlanet

https://www.bbc.co.uk/news/science-environment-55147647 story by @BBCJustinR

“Let us translate policies into actions and also encourage communities to plant trees as part of a strategy to improve biodiversity"

@mithika_mwenda of @pacja1

UNEP says Africa needs green stimulus to hasten recovery

https://dailynewsegypt.com/2020/11/26/unep-says-africa-needs-green-stimulus-to-hasten-recovery/

Load More...

Looking for a new think tank providing cutting edge analysis & solution ?