China says sanctions are just reaction to EU moves
chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.
China says sanctions are just reaction to EU moves
chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.
European Commission Vice-President Valdis Dombrovskis and European Commissioner for Financial Services, Financial Stability and the Capital Markets Union, Mairead McGuinness, give a media conference on the EU s climate change mitigation and adaptation taxonomy following a weekly meeting of EU Commission in Brussels, Belgium, April 21, 2021. [Photo/Agencies]
The success of the green transition will depend on the availability of financing, along with the entire financial system transitioning toward green finances. However, the efforts across countries are rather scattered right now.
The Leaders Summit on Climate, organized in April by US President Joe Biden, emphasized the role of climate finance. During the summit, the US unveiled its international commitments, listed in the US International Climate Finance Plan. It also promised to double climate financing for developing countries to $5.7 billion by 2024, to scale up and attract private investment, and to end support for fo