It is on the contrary an integral and essential part of global policy,' he said.Īndrew Norton, director of the International Institute for Environment and Development in London, said richer countries were 'finally putting words into action'. 'Climate finance from north to south has nothing to do with generosity. Jochen Flasbarth, state secretary at the German environment ministry, said delivering on the pledge first articulated in Copenhagen in 2009 was 'essential to deliver trust'.
The ministers said analysis by the Organization for Economic Co-operation and Development (OECD) showed 'significant progress towards the USD 100 billion goal in 2022 and provides confidence that it would be met in 2023'.
'So our work continues, but we have reached a significant milestone today, one that I hope will start to restore trust and build momentum in this final stretch ahead of COP26,' Sharma said at the report's unveiling. The UK government's COP26 president, Alok Sharma, had tasked the environment ministers of Canada and Germany to review pledges so far, and they pointed to a 'positive trend' in a new report. The target was meant to have been reached last year, and the failure of developed nations to do so has become a key point of contention heading into the summit starting next week in Glasgow.
