LIMA, (Reuters) – The world’s rich countries most likely will be able to reach the goal of providing $100 billion a year by 2020 to help poor countries combat and adapt to climate change, as the result of increased pledges made in Lima, key ministers said yesterday.
The World Bank and other international banks made billions of dollars of new pledges on Friday, on top of promises that have been made by individual countries.
“This bodes well for meeting the goal of $100 billion,” French Foreign Minister Laurent Fabius told a news conference after a session at the annual meetings of the International Monetary Fund and World Bank in Lima.
