The $100bn annual target for climate finance, set in 2009, is outdated and insufficient; developing countries need significantly more to combat climate threats.
With 198 parties participating, disagreements over climate finance solutions are inevitable. Achieving consensus on a new goal requires intensive negotiations and collaboration.
Countries face a critical decision: invest now in climate adaptation, which is preventive, or pay a larger price later due to climate-induced disasters.
Emergency measures for climate finance must match the urgency of past crises, like Covid-19, which saw advanced economies mobilize $8tn in support.
Collection
[
|
...
]