COP26 - Week 2

As COP26 talks enter their second week, developing nations ask whether rich nations will pay.

• Rich, developed nations have most contributed to climate change, but poorer, developing countries are often most affected by it.
• It’s for this reason that rich nations twelve years ago pledged $100 billion to help developing nations fight climate change and also cope with its effects.
• This climate financing was seen as a pivotal aspect of the global fight against climate change. But much of that money was never paid out.
• As we enter the second week of the COP26 climate conference, one big question that looms over talks is whether rich nations will finally meet those obligations.