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Developed countries reveal $100 billion climate finance plan ahead of COP26

Posted on AllSides October 25th, 2021
From The Left
Li Yang/China News Service via Getty Images

After 12 years of fits and starts, industrialized nations on Monday put forward a detailed plan to provide at least $100 billion annually in climate aid to developing countries starting by 2023.

Why it matters: The plan, presented by representatives of Canada and Germany, is aimed at defusing one of the biggest sources of tension at COP26, which is the failure of industrialized nations to follow through on their financial commitments.

Yes, but: The original goal set in 2009 was for the countries most responsible for climate change to date, such as the U.S. and...

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