European Commission President Ursula von der Leyen announced an additional €4 billion in climate finance to transfer to developing nations on Wednesday, while calling on the US and the bloc's other allies to start paying their fair share
European Commission President Ursula von der Leyen announced an additional €4 billion in climate finance to transfer to developing nations on Wednesday, while calling on the US and the bloc's other allies to start paying their fair share.
Developed countries agreed more than a decade ago, and reaffirmed in the 2015 Paris Agreement, to transfer $100 billion a year by 2020 to the developing world to aid their green transformations and to adapt to the impacts of climate change. Collectively, the world missed that deadline last year. The United States has been particularly criticized for transferring nothing during the four years of the Trump administration.
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