Why restoring nature is so important to limiting climate change
Countries have pooled billions of dollars to preserve rainforests and wetlands in developing nations. But they pose thorny political challenges.
A group of 27 countries met in Paris this month to raise $9.8 billion for the Green Climate Fund, a United Nations program that routes money from wealthier countries to poorer ones to combat climate change.
But climate activists said it was a disappointing haul for a program critical to meeting the goals of the Paris climate accord — where countries agreed to limit warming this century to less than 2 degrees Celsius, with an aspirational limit of 1.5 degrees Celsius.
“Several European countries set the bar high and threw real money on the table. This is a good start but in no way adequate to meet the needs on the ground,” said Wendel Trio, director of the Climate Action Network, in a statement. “Countries who pledged below their fair share and failed to live up to their obligations must urgently top up their contributions.”