The UN failed short of a US$10 billion target after the US and other wealthy nations failed to fulfil their climate finance pledges at a crucial climate financing conference held last week in Bonn, Germany.

Last week’s Bonn conference on climate change witnessed a significant setback as the US and other rich countries failed to fulfil their pledge to the UN Climate Fund, further widening the gap between developed and developing nations and raising concerns about the global effort to combat climate change and support vulnerable nations in their adaptation and mitigation efforts.

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