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Global climate promises lag behind progress, with renewables barely rising and funding gaps widening despite decades of spending.
Climate Week in New York reveals a widening gap between global climate promises and real progress, as decades of trillions in spending have barely increased renewable energy use.
Despite massive investments, global renewables rose only two percentage points since 1992, and current pledges still project 2030 emissions 19% above 2019 levels.
Critics highlight the inefficiency of costly climate policies, arguing that modest, targeted spending on health, poverty reduction, and energy innovation could deliver far greater social benefits.
Meanwhile, wealthy nations are urged to unlock $6.6 trillion annually through measures like wealth taxes and ending fossil fuel subsidies, to support vulnerable countries and fulfill climate finance commitments.
Tensions grow over fairness, as developing nations face mounting pressure without adequate funding, especially amid reduced U.S. aid and continued fossil fuel subsidies in major economies.
Las promesas climáticas globales se quedan atrás en el progreso, con las energías renovables apenas aumentando y las brechas de financiación ampliándose a pesar de décadas de gasto.