Alok Sharma: COP26 is for ordinary people, not just climate warriors.
New Scientist 23rd Sept 2021 read more »
With less than two months to go until COP26, the world’s two largest emitters – China and the US – have both announced landmark agreements that look set to bolster climate finance availability and drastically reduce the pipeline for overseas coal projects. At the UN General Assembly (UNGA) this week, US President Joe Biden announced that he was doubling the country’s commitment to overseas climate aid to more than $11bn annually by 2024. Biden had previously pledged to commit another $5.7bn towards global climate finance and adaptation project, but has now re-strengthened those commitments following pressure from green groups and other nations in the build-up to COP26. During his speech, Biden confirmed that the US’s climate finance would double to $11.4bn, as he called on all nations to “bring their highest-possible ambitions to the table when we meet in Glasgow for COP26 and then to have to keep raising our collective ambition over time”. Research from Oxfam claims that wealthy nations are still failing to address a finance gap on the long-standing pledge to mobilise $100bn (£72.5bn) annually to help developing nations adapt to the climate crisis.
Edie 23rd Sept 2021 read more »
US President Joe Biden’s promise to double climate finance puts rich nations on track to meet a crucial climate finance promise, ahead of UN climate talks later this year. Speaking at the UN General Assembly earlier this week, Biden said he would double the US climate finance contribution to $11.4bn by 2024, up from a previous pledge of $5.7bn a year. That means current pledges and plans from rich nations total $98.7bn – $100.7bn a year of climate finance, according to Oxfam analysis, pushing them past a crucial $100bn a year threshold set back in 2009.
iNews 22nd Sept 2021 read more »