As Paris climate change agreement is signed in New York,developing country negotiators highlight gulf between ambition and fundingDeveloping countries must raise more than $4tn (£2,456bn), and roughly the entire annual budget of the US,to implement their climate change pledges by 2030, according to new research.
But much more money will have to be be found by the worlds poorest countries to hold global temperatures enough to avoid catastrophic climate change, and say British and Australian researchers who have analysed the financial implications of the pledges made to the UN final December and the money so far offered by wealthy countries. Continue reading...
Source: theguardian.com