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Pounded by pandemic ‘storm’, poor nations need climate finance more than ever

Pounded by pandemic ‘storm’, poor nations need climate finance more than ever

MEGAN ROWLING Many developing nations are under huge financial stress from the COVID-19 crisis, making it more important than ever that they receive the funding promised by rich nations to help them tackle climate change, said the head of the Green Climate Fund. Yannick Glemarec said the poorer countries the fund supports lack the financial means to jumpstart their economies and are struggling to access capital, while their revenues from taxes, commodity exports and remittances have plunged. "For a number of developing countries, it's a perfect storm," the executive director of the multi-billion-dollar Green Climate Fund (GCF) told the Thomson…
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EXPERT VIEWS: US exit from Paris deal a blow – but drive for climate action rolls on

EXPERT VIEWS: US exit from Paris deal a blow – but drive for climate action rolls on

AFTER the United States officially withdrew from the 2015 Paris Agreement, officials, analysts and campaigners said the departure dealt a blow to global climate diplomacy and the battle to curb rising planet-heating emissions. But, they noted, many American cities, states and companies continue to lead a push to meet U.S. commitments under the Paris accord, aimed at heading off the worst impacts of wild weather and rising seas by reining in temperature rise. And they said it would be relatively simple for Washington to rejoin the pact should Democratic presidential challenger Joe Biden win the race for the White House,…
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Climate-menaced nations say survival depends on stronger 2020 action

Climate-menaced nations say survival depends on stronger 2020 action

DEVELOPING countries at risk from wilder weather and rising seas urged all governments to meet a deadline to deliver stronger national climate action plans to the United Nations by the end of 2020, stressing that their survival depended on it. About 195 nations committed under the 2015 Paris Agreement on climate change to submit updated plans this year, with a view to boosting so-far inadequate pledges to curb planet-heating emissions and adapt to the impacts of warming. But the health and economic crises caused by the COVID-19 pandemic have thrown climate diplomacy off track and forced a delay of this…
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