G-20 Told to Think in Trillions When It Comes to Climate Aid

Group of 20 nations need to ramp up commitments on climate finance — and start talking in trillions — ahead of a key summit in Glasgow next week, a top United Nations official said.

Patricia Espinosa, executive secretary to the United Nations Framework Convention on Climate Change, said that G-20 countries should be thinking in trillions if they are serious about meeting the Paris accord. It comes after a new report showed that developed countries have failed to reach their target of raising $100 billion a year to poor countries, which threatens to undermine the negotiations known as COP26.