Rich nations on track to raise $100 billion climate funds
While the resources had to be generated annually from 2020 itself, the rich nations have so far failed to raise the funds. But at the meeting of G20 finance ministers and central bank governors here, they have indicated that they are on course to meet the target in 2023 — a position that was taken note of in the ‘outcome document and chair’s summary’, which also backed a reform of multi-lateral development banks.
While the resources had to be generated annually from 2020 itself, the rich nations have so far failed to raise the funds. But at the meeting of G20 finance ministers and central bank governors here, they have indicated that they are on course to meet the target in 2023 — a position that was taken note of in the ‘outcome document and chair’s summary’, which also backed a reform of multi-lateral development banks.
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