Climate funding piles up, but nations argue over how quickly




 
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Climate funding piles up, but nations argue over how quickly
 
December 6th, 2015  
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Topic: Climate funding piles up, but nations argue over how quickly


Climate funding piles up, but nations argue over how quickly
By Barbara Lewis PARIS (Reuters) - Developed nations have mobilized some $80-$90 billion per year to help the poorest survive a warmer world, delegates at Paris climate talks said, but emerging countries dispute the figures and say a goal of $100 billion by 2020 is far from reach. The issue is central to U.N. talks in Paris, where nearly 200 nations are trying to forge a new pact on climate change. In October, the Organisation for Economic Co-operation and Development (OECD), which represents rich nations, calculated that financial pledges from the developed world totaled $62 billion in 2014 towards an agreed U.N. goal to reach $100 billion by 2020.




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