Not a ‘finance COP’, but ‘solid work programme’ in place for defining new …

Forestry, Fisheries and the Environment Minister Barbara Creecy says that, although COP26 was not the ‘finance COP’ hoped for ahead of the Glasgow meeting, it nevertheless did yield “a good, solid work programme” for defining the post-2025 finance goal and for ensuring that the prevailing $100-billion climate finance commitment is in fact implemented. Ahead of the gathering, South Africa prioritised the securing of an ambitious finance goal and had even suggested that the figure pledged by developed countries to developing countries be progressively increased to $750-billion by 2030.