01:39Heads of charity organisations Greenpeace and Oxfam urged the world's richest countries to honour the $100 billion climate commitment, which aims to fund climate change mitigation, at the COP26 conference in Glasgow on Friday.
"Developing countries require finance in the trillions, yet rich countries have defaulted on the hundred billion annual commitment by 2020. Rich countries must deliver on the shortfall between 2020 and 2025, as suggested by the climate-vulnerable countries," said Executive Director of Greenpeace International Jennifer Morgan.
Morgan stressed that sufficient financing is a crucial test to the success of COP26, and urged countries to 'get out of their comfort zones' and take action against climate change.
Oxfam Climate Change Policy Lead Nafkote Dabi stated that global inequality is 'deeply part of the climate crisis', calling on governments to tackle global warming and global inequality in tandem.
In 2009, developed nations committed to reaching $100 billion a year of climate change funding by 2020.
On Friday, a report released by the Organisation for Economic Co-operation and Development stated that rich countries had likely missed their goal to contribute $100 billion last year to help developing nations deal with climate change due to insufficient increases in their own climate funding.
UK: Greenpeace, Oxfam urge richest countries to honour $100bil climate commitment at COP26
Heads of charity organisations Greenpeace and Oxfam urged the world's richest countries to honour the $100 billion climate commitment, which aims to fund climate change mitigation, at the COP26 conference in Glasgow on Friday.
"Developing countries require finance in the trillions, yet rich countries have defaulted on the hundred billion annual commitment by 2020. Rich countries must deliver on the shortfall between 2020 and 2025, as suggested by the climate-vulnerable countries," said Executive Director of Greenpeace International Jennifer Morgan.
Morgan stressed that sufficient financing is a crucial test to the success of COP26, and urged countries to 'get out of their comfort zones' and take action against climate change.
Oxfam Climate Change Policy Lead Nafkote Dabi stated that global inequality is 'deeply part of the climate crisis', calling on governments to tackle global warming and global inequality in tandem.
In 2009, developed nations committed to reaching $100 billion a year of climate change funding by 2020.
On Friday, a report released by the Organisation for Economic Co-operation and Development stated that rich countries had likely missed their goal to contribute $100 billion last year to help developing nations deal with climate change due to insufficient increases in their own climate funding.
Heads of charity organisations Greenpeace and Oxfam urged the world's richest countries to honour the $100 billion climate commitment, which aims to fund climate change mitigation, at the COP26 conference in Glasgow on Friday.
"Developing countries require finance in the trillions, yet rich countries have defaulted on the hundred billion annual commitment by 2020. Rich countries must deliver on the shortfall between 2020 and 2025, as suggested by the climate-vulnerable countries," said Executive Director of Greenpeace International Jennifer Morgan.
Morgan stressed that sufficient financing is a crucial test to the success of COP26, and urged countries to 'get out of their comfort zones' and take action against climate change.
Oxfam Climate Change Policy Lead Nafkote Dabi stated that global inequality is 'deeply part of the climate crisis', calling on governments to tackle global warming and global inequality in tandem.
In 2009, developed nations committed to reaching $100 billion a year of climate change funding by 2020.
On Friday, a report released by the Organisation for Economic Co-operation and Development stated that rich countries had likely missed their goal to contribute $100 billion last year to help developing nations deal with climate change due to insufficient increases in their own climate funding.