The president was speaking at the 2021 COP26 summit in Glasgow, Scotland on Tuesday (2 November 2021).
He said, “Ghana acknowledges the importance and effect of climate change and the urgent need to combat it and we acknowledge equally the importance of developing our development. We believe that the balance must be struck and maintained between our social, economic and environmental imperatives.
“We are naturally disappointed by the failure of the wealthy nations to honor their commitments of making available US$100 billion annually to the poorer countries to assist us in the fight against climate change and by the unavailability of the technology transfer that will help us find sustainable ways of charting a path out of this existential crisis.”
US$100 billion pledge
In 2009, the developed countries most responsible for global warming pledged to provide US$100 billion per year by 2020 to help developing nations deal with its consequences.
The commitment has still not been met, generating mistrust and a reluctance among some developing nations to accelerate their emissions reductions.
Leaders of countries such as Kenya, Bangladesh, Barbados and Malawi have also called rich nations to task for failing to deliver.
The G20 is responsible for around 80% of global greenhouse gases and a similar proportion of carbon dioxide, the gas produced by burning fossil fuels that is the main cause of the rise in global temperatures which are triggering an increasing intensity of heatwaves, droughts, floods and storms.
