Heat rises on donor countries to meet overdue $100bn climate finance promise

(Climate Home News, 13 Oct 2021) The UK government is pushing donor countries to increase their climate finance pledges, so they can show how and when they will collectively deliver an overdue target of $100 billion a year.

With less than three weeks until the UK hosts a critical UN climate summit in Glasgow, it remains unclear where the money will come from to plug a $20bn shortfall. Hitting the threshold, originally promised by 2020, is critical to trust in the process from poorer nations.

In a speech in Paris on Tuesday setting out the expectations for Cop26, president-designate Alok Sharma said delivering on the $100bn pledge was “an absolute priority”.

“Based on the conversations I have had, I am hopeful that more countries will make commitments,” he said, adding that “thinking about this does keep me awake at night”.

German top environment official Jochen Flasbarth and Canadian environment minister Jonathan Wilkinson have been tasked with producing a roadmap for meeting the 12-year-old pledge before Cop26 starts on 31 October.

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Climate Home News, 13 Oct 2021: Heat rises on donor countries to meet overdue $100bn climate finance promise

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