Photo: Collected >
Photo: Collected
The upcoming 26th Conference of Parties (COP26) of the United Nations Framework Convention on Climate Change (UNFCCC) is to be held in Glasgow, Scotland in November, with the United Kingdom as the host. The incoming COP26 President designate Alok Sharma has rightly said that the delivery of the totemic 100 billion US Dollar in climate finance from developed countries to developing ones to tackle climate change is going to be the key to whether COP26 succeeds or fails.
As with most things, the devil is always in the details. The first thing to note about the USD 100 billion figure is that it was first offered in COP16 in Copenhagen, Denmark back in 2010 by then US Secretary of State Hillary Clinton on behalf of all developed countries. It was again pledged at COP21 in Paris in 2015 and became enshrined as part of the Paris Agreement a promise from the rich countries to provide USD 100 billion every year from 2020 onwards to help poorer countri
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