Remove 2009 Remove Africa Remove COP Remove Resilience
article thumbnail

Alok Sharma to call on IMF and World Bank to ramp up climate finance

Business Green

At COP26 an $8.5bn agreement just transition deal was brokered between South Africa and a host of industrialised economy governments. Richer nations have collectively failed to meet their promise - chalked up in 2009 - to mobilise $100bn a year in support of poorer countries.

COP 41
article thumbnail

COP26 Climate Summit: From fossil fuels to forests - 10 things we learned in Glasgow

Business Green

The landmark $8bn-plus agreement with South Africa to support a just transition away from coal power also provides an exciting template for how emerging economies can be provided with support as they attempt to move onto cleaner development pathways. Business played a larger and more significant role at the Glasgow COP than any before it.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Alok Sharma to call for global financial system overhaul to meet climate goals

Business Green

Sharma's appeal for a transformation of financial institutions is set to form part of a broader speech setting out climate finance priorities of the COP27 Climate Summit, where the UK will officially hand over the COP Presidency to host nation Egypt.

article thumbnail

Keeping 1.5C alive: Is COP26 on track to deliver on its goals?

Business Green

President Joe Biden said he would double US climate finance for developing nations, to $11.4bn a year, a salve after rich nations have lagged a 2009 pledge of $100bn a year by 2020. Coronavirus and a lack of vaccinations may make it impossible for many delegates to turn up, especially from Africa, Oceania, Asia, and Latin America.