- EU member states reiterated their commitment to the Paris Agreement ahead of the United Nations climate summit next month, saying they expect a 2009 pledge to provide $100 billion per year in financial assistance to developing nations “will be met in 2023”.
- Ministers pledged to deliver on a 2009 commitment by rich nations to provide $100 billion per year in support of developing countries suffering the most from the consequences of climate change, a target which so far has never been met.
- A full paragraph is also dedicated to “the need to strengthen the action” on ‘loss and damage’ related to the negative impacts of climate change in the most vulnerable regions.
Climate aid target ‘will be met in 2023’, EU finance ministers say
