UK climate minister Katie White told Carbon Brief the latest science is “really scary.” Asked about the cut to its climate finance for developing countries, she acknowledged the money falls short of what’s needed and pointed to new financing tools, such as Brazil’s proposed rainforest fund. The fund was developed to help guide countries to halt and reverse deforestation by 2030.

see related interview with Katie White https://www.carbonbrief.org/uk-climate-minister-katie-white-cop31-must-respond-to-really-scary …

In other words, the overshoot era is not a reason to spend less. It’s the invoice for having spent too little.