Norway Boosts Climate Finance to $1.4 Billion, Beating Target

Private capital tapped by Norfund, a government-controlled investor targeting developing countries, accounted for much of the increase, the Foreign Affairs Ministry said Tuesday. The total raised last year overshot the target Norway set for itself to boost annual spending to 14 billion kroner by the end of 2026.

Back in 2021 during the COP26 talks in Glasgow, wealthy countries committed to raising annual climate financing to $100 billion, renewing a target that they fell short of at the end of last decade.Investments in energy infrastructure in South Africa and India in particular contributed to the Norway’s tally, Norfund Chief Executive Officer Tellef Thorleifsson said in an interview at the Nordic-African Business Summit in Oslo.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Explainer-What options do African nations have to finance climate, nature?(Reuters) - At the African Climate Summit this week, national leaders meet to discuss how to fund the challenges posed by climate change and ...
Fuente: SaltWire Network - 🏆 45. / 63 Leer más »

Explainer-What options do African nations have to finance climate, nature?(Reuters) - At the African Climate Summit this week, national leaders meet to discuss how to fund the challenges posed by climate change and ...
Fuente: SaltWire Network - 🏆 45. / 63 Leer más »

UAE Pledges $4.5 Billion to Help Finance Africa Climate ProjectsThe United Arab Emirates, the host of this year’s United Nations climate summit, pledged $4.5 billion to help African nations accelerate clean-energy projects.
Fuente: BNNBloomberg - 🏆 83. / 50 Leer más »

Italy Finance Minister Defends New Bank Tax, Confirms 1% GrowthItaly’s finance minister Giancarlo Giorgetti defended the controversial windfall tax on banks announced in August in front of hundreds of investors skeptical about it.
Fuente: BNNBloomberg - 🏆 83. / 50 Leer más »