Finance

06
May
Rich nations fail to help developing nations

According to Reuters many rich countries have missed a U.N. deadline in aiding developing countries combat climate change. Of all countries only Russia and Ukraine sent a letter by 1 May and that was to state they did not agree to send $30 billion in initial "fast-start" climate funds from 2010-12. The lack of response is a set back as the initial deal hoped to raise $200 billion by 2020. "There are too many empty multilateral accounts,"... [read news]

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