Rich countries 'confident' of meeting climate finance pledge

The so-called Paris Agreement aims to curb global warming to under two degrees Celsius (3.6 degrees Fahrenheit) over pre-Industrial Revolution levelsRich countries, which have pledged $100 billion (91 billion euros) every year from 2020 for poor countries to deal with climate change, said Monday they were “confident” of meeting the target. Pledges made in 2015 alone would boost public finance from $41 billion in 2013-14 to $67 billion in 2020, they said in a report entitled “Roadmap to $100 billion”. This was based on calculations of the Organisation for Economic Cooperation and Development (OECD), and relate to funds from governments and multinational development banks, not private contributions.

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