The wealthiest countries on earth are failing to take seriously the need to speed up the money they have promised to help the poor cope with climate change, the head of the Africa group of climate negotiators said on Thursday.
In 2009, developed countries have promised to deliver $100bn a year by 2020 in public and private fund to help struggling countries cope with climate change. Estimates of current flows range between $17bn and $61bn.
Under the Paris Agreement, signed in 2015, rich nations also agreed to create a higher target by 2025.
But at UN climate talks in Bonn, Seyni Nafo, who leads the group of African states, said the rich were refusing to advance even on procedural discussions around finance.
“Uncertainty on climate finance. That is at the the highest level right now,” he told Climate Home News.
The heads of the Africa group and least developed countries (LDCs) group have made climate finance their top …