Developing countries in limbo as rich nations delay climate finance plans

Europe delivers. We are committed to becoming the first climate neutral continent. We’re speeding up electrification. And we remain the largest provider of climate finance globally. Because the clean transition can only succeed if it succeeds worldwide. Speech at COP31 → link.europa.eu/RCMFgm

Developing countries in limbo as rich nations delay CO₂ removal deployment plans* *mark my words, this will be a headline in a few decades.

#COP31 action: To tackle the climate crisis, there is no space for false solutions, such as carbon capture and storage and marine geoengineering. What do we need? Phasing out fossil fuels, scaling up climate finance & holding polluters accountable.

Governments set a US$300 billion climate finance goal. It's time to put their money where there mouth is... Here are some ideas on how governments at #COP31 can contribute their fair share toward ending the #climatecrisis 👇

👉At COP31, Von der Leyen spoke of clean electrification and climate partnerships, but failed to address fossil fuel phase-out, while EU climate finance remains flatlining. 👉With most EU leaders not showing up, serious questions remain over Europe’s climate leadership and credibility.

Central banks and investment banks don’t count “pledges”. They count assets and liabilities. The IPCC’s pathetic method of counting “pledges” is like Anthropic going public claiming to have unicorns on its balance sheet. 70% of “pledges” to finance climate investment have vanished.

+JUST PUBLISHED+ The amount of public funding pledged to help developing countries tackle climate change has dropped by 70%, new Carbon Brief analysis shows Most nations’ pledges expired in 2025 and major donors, including Germany, Japan and the US, have not announced new ones. ➡️ buff.ly/1RTuqpO

This statement from the High Ambition Coalition calls for “urgent emissions reductions” and finance for the most vulnerable while acknowledging the ICJ finding countries have a legal obligation to respond to the climate crisis. Note Canada did not sign on.

COP31 opens with the same old fight: rich nations promise climate finance, deliver mostly loans, and adaptation funding runs at a fraction of what developing countries need. The $300 billion target won't fix that, Sophie Vorrath writes. #auspol #COP31

Nearly 200 countries are gathered in Türkiye for #COP31, with a focus on fewer grand declarations and more concrete decisions. With El Niño threatening to worsen extreme weather, climate finance, clean energy and adaptation are high on the agenda. More from UN News: news.un.org/en/story/202...

This is the kind of stuff I'm talking about when I say that quote unquote developing countries are leapfrogging the wealthier ones when it comes to renewables. They aren't as held back by the inertia of the old way of doing things.

Countries have promised developing nations $100 billion annually for climate action since 2009. They missed that target for over a decade. theconversation.com/5-ways-count... #COP31

COP31 Developing nations seek simpler access to climate finance and guarantees for the $300 billion annual target by 2035 Adaptation and loss-and-damage funding remain inadequate, with the loss-and-damage fund pledging $822 million johnmenadue.com/post/2026/11...

Encouraging noises from high ambition nations during the opening exchanges at COP31, despite some reports Europe could be less vocal than usual at this summit. www.businessgreen.com/news/4538654...

Democratic sweep revives hope for US climate policy; climate finance for poor countries falls short earthorg.substack.com/p/democratic...