A long-standing pledge by developed countries to channel $100bn a year to developing countries is set to be met in 2023, three years later than hoped, according to the new Climate Finance Delivery Plan
But that promise was not fulfilled. In 2019, the latest year for which data is available, only about $80bn was provided. New data suggests the target was likely missed in 2020 and will probably also fall short in 2021 and 2022.
Sky News understands that lawyers involved from the US, a donor country and historically the biggest emitter, had been reluctant to suggest the country had any legal liability for the funding., facing opposition from within his own party.
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