Wealthy nations ‘failing to help developing world tackle climate crisis’

Warning comes after lack of new funding pledges at virtual summit attended by 40 world leaders and hosted by White House

Rich countries have failed to provide the financial assistance needed for the developing world to cut greenhouse gas emissions and cope with the impacts of climate breakdown, poorer nations have warned, after a US summit of world leaders ended with few new funding promises.

The failure leaves billions of people at risk from the worsening ravages of extreme weather, as poor countries struggle with the Covid-19 crisis and rapidly mounting debt.