$2.4 tn needed annually by 2030 in developing countries to meet climate goals and protect their societies from extreme weather.
The Arab group of countries suggest a UN target of US$1.1 trillion per year, with US$441 billion coming directly from developed country governments in grants.
Loans provided at market rates, export credits should not count, as climate funding offered as loans is pushing poorer nations further into debt."
@CelloMomOnCars No one will stop, we will get the worst scenario as developed countries will not stop their productivity and the economy and their army, the first to stop it will be the first to get invaded by the other country that didn't stop. This capitalism competitively is what will destroy this planet, I don't expect countries to stop this. It's not possible, no one will stop. Unless we force them or we collapse.
Its time for four thousand reports predicting #COP related failure in climate going forward.
Not all these dibilitating reports are directly from Exxon, some are the arrogant, to whom claiming defeat of their own effort is their victory, because theyre so smart. (Which is odd if you think about it)
Some are just ditto heads, writing what everone else has written for a decade.
DEMAND LOUDER, TO MANY MORE that we build carboms replacement NOW
"Diplomats meet every June in Bonn to try and advance the stickiest points in climate negotiations so that political leaders can finalize agreements at the year-end COP summit.
At this year's Bonn talks, which run until June 13, the main issue is money — how much wealthy nations should pay to help low-income nations cope with climate change."
"Given the spiralling costs of deadly heatwaves, droughts and rising sea levels, the new #ClimateFinance target is expected to be far larger than the existing U.N. commitment of rich countries to spend $100 billion per year from 2020, a target they failed to meet on time.
A draft statement for a meeting of #EU foreign ministers later this month showed the 27-nation country bloc will argue the oil and gas sector should also contribute."
Exxon has known about climate change for nearly 50 years. Them and other companies have spent that time spreading misinformation, resisting any climate legislation, and continuing to make the problem worse.
So yeah, I think they owe the public some compensation for that.
OpEd from Bangladesh:
"It simply defies common sense that the world powers are allocating big chunks of their national budget worth hundreds of billions of dollars to finance wars in Ukraine and the Middle East, when climate change-induced extreme weather events are wreaking havoc everywhere."