Rich Nations Hatch Plan for $100 Billion Climate Aid
- Wealthy nations to help shift to clean energy and resilience
- Monday’s blueprint comes after shortfalls in delivering aid
Banners advertising the upcoming COP26 climate talks in Glasgow, U.K.
Photographer: Ian Forsyth/BloombergThis article is for subscribers only.
A blueprint for how developed countries will contribute $100 billion a year to poor nations confronting climate change is set to be unveiled on Monday despite objections from the U.S. and other nations that almost derailed the announcement.
The plan is seen as critical to the success of the United Nations COP26 climate summit scheduled to begin Oct. 31 in Glasgow, Scotland.