Federal environment minister on launch of climate finance delivery plan

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Jonathan Wilkinson, the federal minister of environment and climate change, takes part in a news conference for the launch of a climate finance delivery plan to help developing countries adapt to and to tackle climate change. He is joined by Alok Sharma, president-designate of the COP26 climate change summit, and Jochen Flasbarth, Germany’s state secretary for the environment. At the United Nations’ COP15 summit in 2009, developed nations committed to mobilize $100 billion annually by 2020 for climate financing. The $100-billion goal was extended in 2015 through to 2025. The last set of verified figures from 2019 shows that an estimated $80 billion was raised. In July 2021, Sharma asked Wilkinson and Flasbarth to develop a plan on the delivery of financing pledges ahead of COP26. They expect the goal will be met in 2023. The plan also projects the $100 billion will be exceeded in subsequent years with up to $117 billion being raised in 2025.

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