Article 5Q8EQ Poor countries must not be forced to take on debt to tackle climate crisis

Poor countries must not be forced to take on debt to tackle climate crisis

by
The Secret Negotiator
from on (#5Q8EQ)

A Cop26 insider from a developing nation on why the richer world needs to meet its funding targets

One of the biggest issues at Cop26 is climate finance, the funding that is supposed to be provided by the rich world to developing countries to help us cut greenhouse gas emissions and adapt to the impact of the climate crisis.

Back at the Copenhagen Cop in 2009, we were promised at least $100bn (74bn) a year in climate finance by 2020 and every year after that to at least 2025. But that target has been missed. Recently, we saw an OECD report which found that in 2019 only about $80bn was provided.

Every week we'll hear from negotiators from a developing country that is involved in the United Nations Framework Convention on Climate Change negotiations and will be attending the Cop26 climate conference.

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