"After another year of record-breaking temperatures and extreme weather
disasters, wealthy countries are under pressure to make good on their
commitment to mobilize US$100 billion a year to help poorer countries deal with
Developed countries now project that they won’t meet that pledge until 2023 –
three years late and still woefully short of the real need.
A new report from the Intergovernmental Panel on Climate Change, released Feb.
28, 2022, provides more evidence of what billions of people are facing:
Developing countries that have contributed the least to climate change are
suffering the most from it, and the damage is escalating.
Small island states and low-lying coastal areas are losing land to rising seas.
Flooding from extreme storms is wiping out people’s livelihoods in Africa and
Asia. Heat waves are harming people who have no access to cooling, killing
crops and affecting marine life communities rely on. Documents from the United
Nations suggest that the cost for low-income countries to adapt to these and
other climate impacts far exceeds the promised $100 billion a year.
What’s less clear is how much impact the climate finance already flowing to
these countries, estimated at $79.6 billion in 2019, is having. There is an
overwhelming lack of data, as well as evidence that countries have been
supporting projects that could harm the climate with money they count as
Part of the problem is how that money gets from donors to projects in countries
in need. I have worked closely with developing countries seeking help to deal
with climate change. I believe that by paying closer attention to the strengths
and weaknesses of climate finance delivery channels and matching them to
countries’ needs, the international community can make a real difference in the
fight against climate change."
*** Xanni ***
Chief Scientist, Xanadu
Partner, Glass Wings
Manager, Serious Cybernetics