UNITED NATIONS (AN) — A U.N. Security Council debate drew attention to the peace dividends of preparing for a warmer world, but the biggest spotlight fell on rich nations' decade-old broken promise of US$100 billion a year in climate financing for developing nations.
United Arab Emirates, the wealthy Gulf oil nation and economic hub that holds the council's monthly revolving presidency, hosted the informal debate on “Climate Finance for Sustaining Peace and Security” on Wednesday in its bid to project more influence in the region. UAE joined the 15-nation council, the United Nation's most powerful arm, at the start of this year and will host next year's U.N. climate summit.
