New UN data shows that annual financial aid from wealthy nations to poor countries for fighting climate change and adapting to its effects reached over $70 billion in 2016, according to Bloomberg.

Why it matters: The report arrives ahead of the next major UN climate summit in Poland next month, and climate finance will be among the items on the agenda, the story notes.

A 2009 summit produced an agreement to mobilize $100 billion annually by 2020.

The intrigue: per Bloomberg, "While the amount of funds has been rising, both the U.S. and Australia have stopped contributing to the Green Climate Fund, raising concerns that their pledges won’t be met."

The big picture: Recent scientific reports that underscore the dire consequences of letting warming rise by more than 2°C (or 3.6˚F) above pre-industrial levels, and major harms even if warming is limited to 1.5°C (or 2.7˚F).

Nonetheless, global carbon emissions are on a trajectory that scientists say will lead to far higher levels of warming, and worldwide emissions are rising again after a multi-year plateau that ended last year.

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Updated 7 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

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2 hours ago - World

Opposition leader Leopoldo López flees Venezuela

Venezuelan opposition politician Leopoldo López outside the Spanish embassy in Caracas, in 2019. Photo: Juan Barreto/AFP via Getty Images

Leopoldo López, a former political prisoner and prominent Venezuelan opposition leader, has left the country, his Popular Will party confirmed in a statement Saturday.

Why it matters: He's been an influential force in the push to oust President Nicolás Maduro's regime and a mentor to opposition leader Juan Guaidó. He'd been in the Spanish ambassador's Caracas residence since escaping house arrest in April 2019 following a failed military uprising.

Obama: The rest of us have to live with the consequences of what Trump's done

Photo: Joe Raedle/Getty Images

Campaigning for Joe Biden at a car rally in Miami on Saturday, Barack Obama railed against President Trump's response to the coronavirus pandemic, saying "the rest of us have to live with the consequences of what he's done."

Driving the news: With less than two weeks before the election, the Biden campaign is drawing on the former president's popularity with Democrats to drive turnout and motivate voters.