Wealthy nations urged to deliver on $US100 billion climate pledge

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UN Secretary-General Ban Ki-moon (centre) at G20 Summit in Hangzhou, China on 5 September 2016. UN Photo/Eskinder Debebe

Leaders of major world economies are being urged to "live up to their commitments" on climate finance, including a promise to provide $100 billion for climate-related projects.

UN Secretary-General Ban Ki-moon made the appeal during a summit of the G20 group of countries in Hangzou, China.

A Green Climate Fund (GCF) was launched in 2014 to help developing countries reduce their greenhouse gas emissions and adapt to the impacts of changing climatic conditions.

Jocelyne Sambira has more.

The G20 support to the Paris Agreement on climate finance, adopted last December in France, is crucial, Secretary-General Ban Ki-moon said on Monday.

The key targets of the agreement are to keep global temperature rises below 2 degrees Celsius and to provide US$100 billion a year in climate finance for developing countries by 2020.

Delivering on climate finance is an "important step" to supporting developing countries' efforts to implement the climate accord, Mr Ban noted.

On Saturday, both China and the United States announced their ratification of the international agreement, taking it a step closer to becoming a reality.

The two countries are responsible together for 40 per cent of the world’s emissions.

Jocelyne Sambira, United Nations.

Duration:48”

 

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