Time to address Asia’s climate finance gap

The failure by developed countries to deliver on an earlier goal to provide US$100 billion annually in climate finance by 2020 has eroded trust in overall negotiations. — AFP

WHEN it comes to climate change, United Nations (UN) secretary-general Antonio Guterres does not mince his words.

“If money makes the world go round,” he remarked on World Environment Day, “today’s unequal financial flows are sending us spinning towards disaster. The global financial system must be part of the climate solution.”