Wednesday, December 1, 2021

Rich nations need to fix broken confidence in the climate at Cop26

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W.When the negotiators of the rich nations pledged at the 2009 climate summit in Copenhagen to give developing countries 100 billion a year by 2020.

Even after the shock of the global financial crisis, the annual output of the G7 group of rich nations was $ 31.9 trillion, or more than 300 times the money needed to help poor countries.

But to no surprise, the UK presidency of the Cop26 climate summit, which began in earnest on Monday, admitted that a new analysis found that the $ 100 billion target was likely not to be met in 2020, and is likely to be missed in 2021 and 2022 .

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