News Formal

G20 Urged to Increase Climate Finance for Developing Countries

  • 📰 mailandguardian
  • ⏱ Reading Time:
  • 26 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 92%

Politics Notizia

Climate Crisis,G20,Climate Finance

South Africa's President Ramaphosa highlights the urgent need for increased climate finance to support developing countries in their efforts to combat the worsening climate crisis.

The ongoing climate crisis is worsening, prompting urgent action from global leaders. President Ramaphosa of South Africa highlighted that African countries are experiencing significant economic losses due to climate extremes, averaging between 2% to 5% of GDP, and diverting up to 9% of their budgets towards recovery efforts. By 2030, up to 118 million extremely poor people in Africa are expected to be exposed to the adverse effects of climate change if no effective measures are taken.

Ramaphosa emphasized the need to elevate this issue to the leader level, seeking increased financial support from the global community, including international financial institutions, development banks, and the private sector, to aid in post-disaster reconstruction. He also stressed the importance of securing agreement on increasing the quality and quantity of climate finance flows to developing countries, with a focus on mobilizing finance for a just energy transition under South Africa’s G20 presidency

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 2. in İT
 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

UN climate chief asks G20 leaders for boost, COP29 finance talks lag - SABC NewsSamir Bejanov, COP29's deputy lead negotiator, urged nations to get beyond their differences.
Fonte: SABCNews - 🏆 37. / 51 Leggi di più »

COP29 Agrees to Triple Climate Finance for Developing NationsThe UN Climate Change Conference (COP29) concluded in Baku, Azerbaijan, with a significant agreement to triple public finance for developing countries to help them combat climate change and benefit from the global energy transition. The agreement aims to increase annual public finance to $300 billion by 2035, up from the previous goal of $100 billion. This landmark deal represents a major step forward in global climate action, acknowledging the urgent need to support developing nations in their efforts to adapt to and mitigate the impacts of climate change.
Fonte: mailandguardian - 🏆 2. / 92 Leggi di più »