AFP, Marrakesh :
The UN urged rich nations Tuesday to ramp up financial aid to help poor countries shore up their defences against climate change.
Finance is a hot-button topic at the annual round of UN climate talks underway in Marrakesh, Morocco-the first since the world’s nations adopted a hard-fought agreement last year to rein in global warming from fossil fuels.
Rich nations pledged back in 2009 to mobilise $100 billion (93 billion euros) per year from 2020 for climate aid to the developing world. But poor nations are insisting on a clear roadmap for reaching the goal, and on a bigger focus on money for climate adaptation, which entails building resilience against global warming’s impacts.
So far, though, adaptation has received less than a fifth of climate finance made available.
“The cost for developing countries of adaptation alone could range from $140 billion to $300 billion by 2030, and from $280 billion to $550 billion by 2050 – – up to five times higher than previously estimated,” UN Environment-also known as UNEP-said in a statement.
The UN urged rich nations Tuesday to ramp up financial aid to help poor countries shore up their defences against climate change.
Finance is a hot-button topic at the annual round of UN climate talks underway in Marrakesh, Morocco-the first since the world’s nations adopted a hard-fought agreement last year to rein in global warming from fossil fuels.
Rich nations pledged back in 2009 to mobilise $100 billion (93 billion euros) per year from 2020 for climate aid to the developing world. But poor nations are insisting on a clear roadmap for reaching the goal, and on a bigger focus on money for climate adaptation, which entails building resilience against global warming’s impacts.
So far, though, adaptation has received less than a fifth of climate finance made available.
“The cost for developing countries of adaptation alone could range from $140 billion to $300 billion by 2030, and from $280 billion to $550 billion by 2050 – – up to five times higher than previously estimated,” UN Environment-also known as UNEP-said in a statement.
