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    FRANK LEO & ASSOCIATES

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    Developed Nations Set to Miss Goal of US$100B for Climate Aid

    The world’s richest countries are expected to fall short with their US$100 billion pledge for poor countries to help tackle climate change. Officials said this on Monday, which will be the topic of discussion at the upcoming UN climate talks in Glasgow. Senior officials from Germany and Canada announced that their current data shows the goal will be reached around 2023, three years later than agreed.

    In a statement, the officials said “While developed countries have significantly scaled up their support over the last decade, new analysis shows the $100 billion goals were unlikely to have been met in 2020 and is likely to also fall short in 2021 and 2022,… developed countries can mobilize more than &100 billion per year”

    Mohamed Adow, director of Nairobi-based environmental think tank Power Shift Africa explained “The $100 billion of climate finance is not only a lifeline to poor and vulnerable communities on the front line of a climate crisis they did not cause, It’s also bare minimum that rich countries need to do to hold up their end of the bargain at COP26,

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