Paris climate summit gives fresh impetus to financial reforms - World
Summit a success in that it delivered a roadmap requiring specific actions by specific dates, some observers note.
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Summit a success in that it delivered a roadmap requiring specific actions by specific dates, some observers note.
A global climate summit wrapped up Friday with leaders agreeing that the international financial system was woefully inadequate in an era of global warming, after taking a number of small steps to helping debt-burdened developing nations
There was no shortage of upbeat pronouncements in the eight-page summary at the end of negotiations. Read more at straitstimes.com.
A financial official from an island that’s among the world’s most vulnerable to global warming has a plan to quickly increase the amount spent on climate solutions in developing nations. And his plan requires little additional spending by rich countries. “If you focus only on grants, only on people transferring money to…
The summit did not precipitate any transformational solutions, but it started a conversation on the climate and development financing crisis, and this momentum cannot be lost