BAKU - The U.N.'s climate chief called on leaders of the world's biggest economies on Saturday to send a signal of support for global climate finance efforts when they meet in Rio de Janeiro next week.
"We call on governments, led by the G20, to meet the moment and deliver the policies for an accelerated shift from fossil fuels to a clean energy future, to unlock the essential private sector investment needed," said a coalition of business groups, including the We Mean Business Coalition, United Nations Global Compact and the Brazilian Council for Sustainable Development, in a separate letter.
Sweden's climate envoy, Mattias Frumerie, told Reuters the finance negotiations had not yet cracked the toughest issues: how big the target should be, or which countries should pay. Uganda's energy minister, Ruth Nankabirwa, said her country's priority was to leave COP29 with a deal on affordable financing for clean energy projects.
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