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New analysis of the latest climate finance plans submitted to the UNFCCC by 26 wealthy countries demonstrates there is no chance of achieving 50/50 balanced financial support for climate mitigation and adaptation in the near future, CARE has found.
Last modified on Thu 3 Jun 2021 01.01 EDT Rich countries are falling behind on their pledges to help the poor world tackle the climate crisis, new research has shown, on the eve of a meeting of the finance ministers of the G7 industrialised economies. The UK and the US are the only two G7 countries to have set out proposals to increase climate finance in recent months, according to a report by Care Denmark, a member of the international NGO network. Climate finance is used by poor countries to reduce their greenhouse gas emissions, for instance through investment in clean energy generation, a...