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Lives In the Balance As UN Debates Climate Finance To Transition to Green Economy

May 10, 2018 |

This article was originally published on

“Behind wrangling at UN climate talks over financial aid for poor countries dealing with increasingly extreme weather and bracing for worse to come, real-world projects that can save livelihoods—and sometimes lives -– are queued up, waiting for approval and money.

Rich countries are slowly opening the spigots to help reinforce coastlines sinking under rising seas, convert agriculture to drought-resistant crops, or switch public transportation from petrol to electricity powered by the sun and wind.

Tens of billions of dollars -– the true figure is sharply contested –- from public and private sources are now flowing every year. But that falls well short of the $100 billion (84 billion euros) per annum promised from 2020, and is a pittance compared to the trillions experts agree will be needed to engineer the global transition to a green economy…”

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