Many governments are yet to set targets, leaving recipient countries struggling to plan and attract private investmentDeveloping countries have been left in limbo by the failure of some of the world’s biggest economies to flesh out their plans for new climate finance.Poor countries are supposed to receive $300bn a year from the governments of industrialised nations by 2035, along with about $1tn from other sources, to help them cope with the effects of extreme weather and shift to a low-carbon future. Continue reading...
Developing countries in limbo as rich nations delay new climate finance plans
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Guardian EnvironmentBy Fiona Harvey in Antalya
EXECUTIVE SUMMARY
Many governments are yet to set targets, leaving recipient countries struggling to plan and attract private investment Developing countries have been left in limbo by the failure of some of the world’s biggest economies to flesh out their plans for new climate finance. Poor countries are supposed to receive $300bn a year from the governments of industrialised nations by 2035, along with about $1tn from other sources, to help them cope with the effects of extreme weather and shift to a low-carbon
Key Takeaways
- Developing countries in limbo as rich nations delay new climate finance plans.
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