Poorer nations need $1tn a year by 2030 in climate finance, top economists find
Study says funding to cope with climate breakdown needed five years earlier than expected
Poor countries need $1tn a year in climate finance by 2030, five years earlier than rich countries are likely to agree to at UN climate talks, a new study has found.
Waiting until 2035 to receive the funding, which is to help them cut greenhouse gas emissions and cope with extreme weather, would place damaging burdens on vulnerable countries, warned the Independent High-Level Expert Group on Climate Finance, a group of leading economists.
Continue reading...
Read more at The Guardian
Topics
-
Cop29 live: solidarity levy on cryptocurrency could raise billions for climate action, says report
World - The Guardian - 1 hour ago -
COP29 Climate Talks Focus on Financing
Science - The New York Times - Yesterday -
Economist on whether the national debt is cause for concern
Top stories - CBS News - October 28 -
Cop29: which climate finance ideas are most likely to work?
World - The Guardian - 3 days ago -
COP29 Begins With Climate Finance, Absent Leaders, and Trump Looming Large
Tech - Wired - 2 days ago -
Starmer touts UK climate leadership but resists call for more public finance
Business - Financial Times - 2 days ago -
Britain will need gas plants as ‘back-up’ for wind in 2030, says grid operator
Business - Financial Times - November 5 -
Developing world needs private finance for green transition, says Cop president
World - The Guardian - 3 days ago
More from The Guardian
-
UN special committee likens Israeli policy in Gaza to genocide
World - The Guardian - 1 hour ago -
Republicans baffled after Trump picks ‘reckless’ Gaetz for attorney general
World - The Guardian - 15 hours ago -
France deploys thousands of police for Israel match after Amsterdam violence
World - The Guardian - 4 hours ago -
Chinese city still officially in summer as 30-year heat record broken
World - The Guardian - 1 hour ago -
French military systems in Sudan may break UN arms embargo, says Amnesty
World - The Guardian - 40 minutes ago
Latest in World
-
2 Israeli airstrikes hit Syria's capital and a suburb, killing 15 people, Syrian state media say
World - ABC News - 15 minutes ago -
'Smoke them out': South Africa cuts supplies to thousands of illegal miners
World - Yahoo News - 17 minutes ago -
Sudan death toll far higher than previously reported - study
World - Yahoo News - 20 minutes ago -
British coaches need to broaden their horizons or risk being left behind | Will Unwin
World - The Guardian - 23 minutes ago -
Middle East latest: Human Rights Watch accuses Israel of war crimes in Gaza Strip
World - ABC News - 40 minutes ago