About Climate Change
Climate change occurs when changes in Earth's climate system result in new weather patterns that last for at least a few decades, and maybe for millions of years. The climate system comprises five interacting parts, the atmosphere, hydrosphere, cryosphere, biosphere, and lithosphere.
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Climate change: UK sets out blueprint for $100bn in aid
A key pledge ahead of an upcoming Climate Change conference has still not been met and The Money is not sure to be available before 2023.
The UK, chairing next week's Climate Change conference known as COP26, has published a new financing plan.
It talks of how developed countries hope to deliver $100bn a year in climate finance to developing countries.
The original aim was for that target to be reached by 2020.
But the financing plan said The Target looked " unlikely" to be met but that it was " confident" The Target would be hit by 2023.
Some environmentalists say the new plan is too little, Too Late .
COP26 President-Designate Alok Sharma said: " This plan recognises progress, based on strong new climate finance commitments. There is still further to go, but this delivery plan, alongside the robust methodological report from the OECD, provides clarity, transparency and accountability.
" It is a step towards rebuilding trust and gives developing countries more assurance of predictable support. "
Climate finance plays a Critical Role in helping developing countries tackle Climate Change and adapt to its impacts.
In 2009, developed countries agreed to mobilise $100bn in climate finance per year by 2020, and in 2015 agreed to extend this goal through to 2025.
However, the UK COP26 Presidency now says the $100bn goal is likely to fall short in 2021 and 2022 - though is confident it will be met in 2023.
Source of news: bbc.com
