Funding urgently needed to cope with climate disasters – and to prevent distrust crashing UN negotiations
Revealed: US and UK fall billions short of ‘fair share’ of climate funding
Money is likely to be a flashpoint at the UN Cop27 climate summit starting on Sunday in Egypt, where world leaders will attempt to tackle the climate crisis.
The initial sums involved are just a month’s worth of the fossil fuel industry’s profits. Yet, say experts, the failure so far to deliver promised funding has corroded international trust so much that it could undermine the whole UN process – the only global forum for fighting global heating.
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