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The COP26 climate summit is taking place against the backdrop of an ongoing global pandemic. As richer nations begin to reopen thanks to rapid vaccination programs, most people in developing countries are still waiting for their first dose. Henry Ridgwell reports from the summit in Glasgow on whether distrust between richer and poorer nations could hamper climate negotiations.
Officials say a target for rich countries to provide poor nations with $100 billion in aid each year to tackle global warming will be missed, dealing a blow to the upcoming U.N. climate talks in Glasgow.
Industrialized countries were already struggling to pay earlier commitments to help with clean-energy development and other infrastructure needs. Now the cost of buying cooperation has skyrocketed
WASHINGTON, Oct 13 — Economic growth in poorer countries will likely lag pre-pandemic expectations for years, given gaps in vaccination rates, revenue growth and the ability to borrow, the International Monetary Fund said in its Fiscal Monitor report released today. Global debt levels increased...
New Bill Proposes Cutting Pentagon Spending to Fund Vaccines for Poor Nations, Common Dreams "We can't bomb our way out of a global pandemic," said Rep. Mark Pocan, the sponsor of the legislation, "Shifting funds from weaponry and military contractors to producing Covid vaccines will save hundreds of thousands—if not millions—of lives around the world." JAKE…