Leslie Maasdorp Vice President and CFO the New Development Bank is at COP27. If not now then when?
Vice President and CFO of the New Development Bank Leslie Maasdorp says the 100billion dollar annual pledge made many years ago in Copenhagen has not yet left the developed world. If not now then when?
At the 15th Conference of Parties (COP15) of the UNFCCC in Copenhagen in 2009, developed countries committed to a collective goal of mobilising USD 100 billion per year by 2020 for climate action in developing countries, in the context of meaningful mitigation actions and transparency on implementation. The goal was formalised at COP16 in Cancun, and at COP21 in Paris, it was reiterated and extended to 2025.