<
https://www.theguardian.com/global-development/2022/nov/07/us-uk-fall-billions-short-climate-funding-cop27>
"The US, UK, Canada and Australia have fallen billions of dollars short of
their “fair share” of climate funding for developing countries, analysis shows.
The assessment, by
Carbon Brief, compares the share of international climate
finance provided by rich countries with their share of carbon emissions to
date, a measure of their responsibility for the climate crisis.
Rich countries pledged to provide US$100bn a year by 2020, although this target
has been missed. The US share of this, based on its past emissions, would be
$40bn yet it provided only $7.6bn in 2020, the latest year for which data is
available. Australia and Canada gave only about a third of the funding
indicated by the analysis, while the UK supplied three-quarters but still fell
$1.4bn short.
The issue of climate finance will be critical to progress at the Cop27 summit,
which began on Sunday in Egypt. Developing countries did little to cause the
climate emergency, making funding from rich countries vital to create the trust
needed for combined global action. The rich countries accept vulnerable
countries face a “life or death situation” and need far more than $100bn but
delivery of the money has been contentious and slow.
The $100bn was intended to support the cutting of carbon emissions and work to
adapt communities to the increasingly extreme weather being driven by global
heating. However, a series of reports last week have laid bare how close the
planet is to climate catastrophe, with “no credible pathway [of carbon cuts] to
1.5C in place”, the internationally agreed temperature limit to avoid the worst
of the climate crisis."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
