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Living on Earth
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How Much Climate Finance Is Flowing From North to South?
Colin Young: Developed countries have been unable to mobilize even $100 billion since 2015. We see a need of something like $50 trillion to help these countries transition into a more climate-safe future, he says. Prasad: By the time they meet it, which they promised in 2023, we would be in deficit by $90 billion.
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