Why are wealthy countries failing developing nations?

Summary

"'Ready? Not: Climate impacts will not wait. Adaptation finance must rise." That's the title of a grim report by the United Nations Environment Programme. It says the world isn't adapting quickly enough to keep pace with the growing human and economic costs linked to the climate crisis. The UN singles out wealthy countries -- responsible for the bulk of carbon emissions -- for failing to meet their financial pledges. At successive COP conferences, billions of dollars have been earmarked to help developing nations become more resilient. But only a fraction has been paid out. What are the…

Description from Al Jazeera English.