The UN Climate Chief said funding for developing nations must flow faster and directly to the most vulnerable, ahead of talks on a post-2025 climate finance goal.
The United Nations' top climate official said funding to help developing countries cut emissions and adapt to extreme weather needs to flow faster and to the right places.
“Climate finance must reach nations that need it most,” the UN Climate Chief said in a statement Monday, without naming specific countries or dollar amounts. The remark comes ahead of the next round of global climate talks, where rich nations are under pressure to deliver on a pledge to mobilize $100 billion a year.
Developing economies argue that much of the committed money ends up as loans rather than grants, or is funneled through institutions that add conditions. The UN official’s call for direct access and speedier disbursement echoes complaints from African and island-state negotiators at recent summits.
No new funding mechanism or target was announced. The statement did not specify which nations the chief considers most in need, though the UN has previously identified small island developing states and least-developed countries as priorities.
The next major climate finance deadline is the annual COP summit, where governments are expected to set a post-2025 goal. The current $100 billion target expires next year.
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