The rich world claims it has paid its overdue climate debts
That will not stop countries squabbling over the bill for a hotter planet
Mission accomplished? Rich countries have at last met a promise to provide $100bn a year of climate finance to poorer ones, according to estimates for 2022 from the OECD, a club of mostly rich countries. That is two years late: the amount was originally pledged in 2009, when it was supposed to arrive by 2020. It is also not a sure thing. The OECD‘s figures are preliminary and may be revised.
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This article appeared in the Finance & economics section of the print edition under the headline “A day late and a dollar short”
Finance & economics November 25th 2023
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From the November 25th 2023 edition
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