Global climate finance coalition forged at COP28 to empower emerging markets dailynewsegypt.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailynewsegypt.com Daily Mail and Mail on Sunday newspapers.
Major new climate finance initiative announced on sidelines of COP28, as governments prepare to back Loss and Damage Fund and advance 'debt for nature' plans
Governments, development banks
and companies announced on Friday initiatives to mobilise
billions in climate cash at the COP28 summit where the UAE has
made increasing financing central to its.
Governments, development banks and companies announced on Friday initiatives to mobilize billions in climate cash at the COP28 summit where the UAE has made increasing financing central to its leadership of the UN talks. So far the world has barely begun to deliver the vast amounts of money needed to help the world pay for the transition away from fossil fuels and deal with the impact of climate change. Developing countries will need an estimated $2.4 trillion in annual climate finance by 2030, the Climate Policy Initiative non-profit organization said.
From King Charles’ heartfelt keynote speech, to a major new Bloomberg Philanthropies project scaling climate finance in the Global South, it’s been a whirlwind first day of the World Leaders Summit at COP28. Here, we round up eight must-see stories from Friday (1 December).