Rich Nations Hit Climate Finance Goal Two Years Late

Rich Nations Hit , Climate Finance Goal , Two Years Late.

According to November 16 data, the promise of rich countries to deliver $100 billion annually to poorer nations for climate finance has finally been met.

'The Guardian' reports that the news comes two years after the deadline first set at a 2009 climate summit in Copenhagen.

At the time, rich nations pledged that the amount meant to help poorer nations cut greenhouse gas emissions would be delivered by 2020.

Failure to reach this goal has been the source of tension at recent global climate talks.

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Despite failing to meet this deadline, news of the promise finally being fulfilled is likely to be a significant boost for the United Nations' upcoming COP28 climate talks.

Despite failing to meet this deadline, news of the promise finally being fulfilled is likely to be a significant boost for the United Nations' upcoming COP28 climate talks.

News that the long overdue goal has likely been met is a very welcome ray of sunshine.

This will help rebuild much-needed trust between developing and developed countries, which will go a long way toward achieving a positive outcome at Cop28, Ani Dasgupta, President of the World Resources Institute, via 'The Guardian'.

Steven Guilbeault, the climate and environment minister of Canada, said, , "The previous failure to meet the target showed countries like Canada and other developed countries were not serious.".

Having this information shows that we have met the goal is a very important milestone … [It] goes a long way to building the momentum we need to deliver a successful outcome in Dubai, Steven Guilbeault, the climate and environment minister of Canada, via 'The Guardian'.

Having this information shows that we have met the goal is a very important milestone … [It] goes a long way to building the momentum we need to deliver a successful outcome in Dubai, Steven Guilbeault, the climate and environment minister of Canada, via 'The Guardian'.

'The Guardian' reports that other wealthy nations have also conceded that while meeting the goal is a positive step in the right direction, much more needs to be done.

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'The Guardian' reports that other wealthy nations have also conceded that while meeting the goal is a positive step in the right direction, much more needs to be done.

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This is an important step forward, but it’s clear we can’t stop here.

We will require coordinated efforts by a whole range of actors [to ensure more finance in the future], Jennifer Morgan, Climate envoy for Germany, via 'The Guardian'