The rich world claims it has paid its overdue climate debts
That will not stop countries squabbling over the bill for a hotter planet
Mission accomplished? Rich countries have at last met a promise to provide $100bn a year of climate finance to poorer ones, according to estimates for 2022 from the OECD, a club of mostly rich countries. That is two years late: the amount was originally pledged in 2009, when it was supposed to arrive by 2020. It is also not a sure thing. The OECD‘s figures are preliminary and may be revised.
Explore more
This article appeared in the Finance & economics section of the print edition under the headline “A day late and a dollar short”
Finance & economics November 25th 2023
- Inside Hamas’s sprawling financial empire
- Why house prices have risen once again
- Investors are going loco for CoCos
- The obesity pay gap is worse than previously thought
- How will America’s economy fare in 2024? Don’t ask a forecaster
- The rich world claims it has paid its overdue climate debts
- Another crypto boss falls
- How to save China’s economy
From the November 25th 2023 edition
Discover stories from this section and more in the list of contents
Explore the editionMore from Finance & economics
Don’t let Donald Trump see our Big Mac index
America’s tariff-loving president could learn the wrong lessons from international burger prices
Will America’s crypto frenzy end in disaster?
Donald Trump’s team is about to bring digital finance into the mainstream
Do tariffs raise inflation?
Usually. But the bigger problem is that they harm economic growth and innovation
European governments struggle to stop rich people from fleeing
Exit taxes are popular, and counter-productive
Saba Capital wages war on underperforming British investment trusts
How many will end up in Boaz Weinstein’s sights?
Has Japan truly escaped low inflation?
Its central bankers are increasingly hopeful