The original content of Democracy Now! Headlines appears under the Creative
Commons BY-NC-ND 3.0 License (United States). For more, including their other
shows and media, visit www.democracynow.org.
November 8, 2024

U.N. Report Finds Wealthy Nations Have Given a Pittance Toward Climate Finance Pledges
--------------------------------------------------------------------------------------

In climate news, a new U.N. report finds financing from wealthy nations
to help poorer countries adapt to the climate crisis totaled $28 billion
in 2022, far short of the $359 billion that is needed. The report was
released ahead of next week's U.N. climate summit in Azerbaijan, where
financing is set to be a key issue. This is U.N. Secretary-General
António Guterres.

Secretary-General António Guterres: "Climate catastrophe is hammering
health, widening inequalities, harming sustainable development and
rocking the foundations of peace. The vulnerable are hardest hit, and
taxpayers are footing the bill, while the purveyors of all this
destruction, particularly the fossil fuel industry, reap massive profits
and subsidies. Meanwhile, the gap between the funds needed for
adaptation and the funds available to developing countries is said to
reach up to $359 billion U.S. a year by 2030."



.