Mattha Busby - Monday - The Guardian
Photograph: Mohammed Abed/AFP/Getty Images
Billions of dollars of promised to developing countries by the US, UK, Canada and Australia to aid carbon emission reduction plans and help make communities more resilient to more extreme weather have not yet been delivered.
The US only provided $7.6bn of a projected $40bn as part of the pledged $100bn, while some countries overdelivered on their promises but did so as part of loans rather than grants.
The assessment, reported a day after the Cop27 climate summit began in Egypt, will increase pressure on the states to make good on their commitment, with the global north overwhelming responsible for the enveloping ecological crisis.
“Basic justice demands that those most responsible for causing the climate crisis should financially support those who are suffering most on the frontline of climate change,” said the former president of the Maldives Mohamed Nasheed. “Every year we see the storms get stronger and the waves get higher.”
Only Canada responded to requests for comment. A government spokesperson said it remained committed and would double its climate finance in order to overdeliver, despite appearing to so far have only covered a third.
“Hey, don’t ask us.” Billionaires should not be expected to make up for climate finance gaps caused by failures to uphold promises to less developed states, the head of the Bezos Earth Fund has said.
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