The world's wealthiest countries didn't meet a decade-old goal to provide the developing world with US$100 billion in climate aid by 2020 and won't actually get there for another two years, a new analysis showed Monday.
The news is expected to cast a pall over next week's United Nations COP26 climate talks in Scotland. The meeting is meant to finalize the rule book for meeting the 2015 Paris climate change targets, and lay out more ambitious plans to slow global warming.
"What has been delivered today is a delayed plan," he said in a media briefing Monday. "And then we expect developing countries to come up with a plan where they are going to change their policies for greener development. How can that happen?" Wilkinson and Flasbarth then spent the last three months wrangling new commitments out of other countries, and Flasbarth said "not all of our conversations were really seen to be polite."
The OECD concluded last month that climate finance reached almost US$80 billion in 2019, but was unlikely to get to $100 billion by the end of 2020. The actual results for 2020 won't be analyzed until next year, but Wilkinson and Flasbarth said it's already pretty clear the total didn't hit $100 billion.
"I think the positive part of this is we actually have a pathway to get there potentially in 2022, certainly in 2023 and the numbers go up in 2024 and 2025. That's actually a big step forward."
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