With world leaders expressing hope that the goal of supplying $100 billion a year in climate finance support for developing countries is within reach, the UN Secretary-General warned on Tuesday that the target would likely not be met until 2023 and would require additional funding after that.
António Guterres was speaking at the High Level Climate Vulnerable Countries Leaders’ Dialogue, Tuesday, during the UN’s COP26 climate conference.
According to news reports, the latest diplomatic effort, led by Germany and Canada, aims to pull together the required funding by 2023, three years after the deadline established by the Paris Agreement.
This morning, also at COP26, the President of the General Assembly met with Heads of State and Government of the Alliance of Small Island States (AOSIS).
Abdulla Shahid highlighted that no other group of countries are as at risk of immediate and severe climate impact and no others are as close to the frontlines as they are. More