Rich nations failed to meet a long-standing pledge to deliver $100 billion to help poorer countries cope with climate change, the OECD said on Friday.
Back in 2009, developed countries promised that by 2020 they would transfer $100 billion per year to vulnerable states hit by increasingly severe climate-linked impacts and disasters.
Finance has become a sore point in these talks, and developing economies say they cannot afford to curb pollution without support from the rich nations responsible for most of the CO2 emissions heating the planet. "We need developed countries to present credible plans to escalate their climate finance," Dagnet said.
In recent years the European Union and its 27 member countries have, together, been the biggest climate finance provider.
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