COP26

Rich countries scramble to hit $100bn climate finance target

Commitments to developing nations may be finally reached by 2022, two years late

Rich country leaders are scrambling to reach a $100bn climate finance target in the last week of COP26, despite growing divisions in the remaining last week of the Glasgow climate summit.

Boris Johnson, the UK prime minister and host of the summit, is seeking positive announcements given the chequered progress of the event, which has been notable for the absence of the presidents of several of the world’s biggest emitters, including China, Russia and Turkey.

Twelve years ago at the Copenhagen summit, wealthy nations committed to mobilising $100bn a year by 2020 to help poor countries cut their emissions and manage climate change.

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