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African leaders demanded at the COP26 climate conference in Glasgow, Scotland, on Tuesday that wealthy countries responsible for the bulk of carbon emissions make good on an earlier pledge to provide $100 billion a year to help poorer countries cope.
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U.S. Treasury Secretary Janet Yellen on Tuesday will push financial institutions to adopt a "greater sense of urgency" about investing in a net-zero economy in meetings with the head of Bank of America and other finance CEOs, Treasury officials said.
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The developed world's $100 billion climate financing target could be met a year earlier than expected, U.S. climate envoy John Kerry said on Tuesday, citing new commitments made earlier in the day by Japan.
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Indonesia could phase out coal-fired power plants by 2040 if the country gets sufficient financial help from the international community, its finance minister told Reuters on Tuesday.
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The United States and the United Arab Emirates on Tuesday used COP26 climate talks to launch efforts to channel funding into making agriculture resilient to climate change, as well as to cut its emissions.