Wealthy countries like Canada that have generated the bulk of climate-altering global carbon emissions are heading into another global climate conference after failing — again — to meet their financial commitments to the countries bearing the brunt of climate change.
Ahead of the November 6-18 COP27 climate conference in Egypt, Canada’s environment minister and Germany’s international climate envoy released a progress report concluding that more work is needed to deliver $136.2 billion Cdn ($100 billion US) in annual climate financing.
“We know that we did not mobilize US$100 billion in 2020, but through this report [we] demonstrate developed countries’ ongoing commitment to reaching this goal as soon
This story was originally published on CBC News. To read the rest of this news worthy story, please visit https://www.cbc.ca/news/politics/cop27-climate-change-1.6632744?cmp=rss.