Rich countries can’t fix supply chains without fixing climate finance

Rich countries can’t fix supply chains without fixing climate finance
·6 min read

The 2015 Paris climate agreement is built on a central trade-off. All countries will pony up plans to cut their carbon footprint—but only if rich countries, which bear the most responsibility for causing the crisis, pony up cash for their poorer neighbors, the ones that bear the brunt. The target usually cited for climate finance transfers is $100 billion per year, which rich countries committed in 2009 to raise by 2020.

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