This article was originally published on Phys.org
“Behind wrangling at UN climate talks over financial aid for poor countries dealing with increasingly extreme weather and bracing for worse to come, real-world projects that can save livelihoods—and sometimes lives -– are queued up, waiting for approval and money.
Rich countries are slowly opening the spigots to help reinforce coastlines sinking under rising seas, convert agriculture to drought-resistant crops, or switch public transportation from petrol to electricity powered by the sun and wind.
Tens of billions of dollars -– the true figure is sharply contested –- from public and private sources are now flowing every year. But that falls well short of the $100 billion (84 billion euros) per annum promised from 2020, and is a pittance compared to the trillions experts agree will be needed to engineer the global transition to a green economy…”
Read on at: Phys.org