WASHINGTON — Richer countries must put more money on the table to support the world's developing and emerging market economies tackle climate and development challenges or risk undoing recent progress, the G24 group of nations said Tuesday (Wednesday in Manila).
WASHINGTON — Richer countries must put more money on the table to support the world's developing and emerging market economies tackle climate and development challenges or risk undoing recent progress, the G24 group of nations said Tuesday .'The global community is falling short of attaining climate and development goals and in providing the commensurate financial support to developing countries towards achieving them,' the G24 group announced in a statement.
This figure is paid by rich, industrialized countries that have contributed the most historically to global warming, including the United States, European Union member states and Japan.The G24 said that its members 'look forward to faster progress on the operationalization and capitalization of the Loss and Damage Fund,' referring to a fund designed to compensate developing economies for climate damage caused largely by richer countries.
Nations Must Pay More For Climate Change'
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