Simon Stiell, the executive secretary of the United Nations, says there is a need to find new sources of finance for global climate action. Speaking at a climate ministerial meeting in Copenhagen, Denmark on Thursday, Stiell said new sources of finance would help to meet the growing needs of developing countries. The UN chief highlighted the benefits of the new rounds of nationally determined contributions (NDCs).
He said bold climate actions will enable countries to drive business investment, productivity and rising living standards.Stiell said the new plans will be decisive in limiting global warming to 1.5 degrees and averting the worst impacts of the climate crisis. “To undo the deadlock between developed and developing countries we need to make climate finance bigger and better,” he said. “Bigger – to meet developing countries’ growing needs. Better, by finding new sources of finance for global climate actio
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UN: There’s need to find new finance sources for global climate actionNigeria's independent online newspaper
Source: thecableng - 🏆 2. / 80 Read more »
Ahmad Gumi: Gunmen finance themselves from kidnapping -- no Nigerian is funding themNigeria's independent online newspaper
Source: thecableng - 🏆 2. / 80 Read more »
‘Terrorists finance themselves through ransom’ – Gumi faults terror sponsors listControversial Islamic cleric, Shiekh Ahmad Gumi has insisted that terrorists are financing themselves through proceeds from kidnappings. Gumi faulted the list of terrorist financiers released by the Federal Government, which included his closed ally, Tukur Mamu.
Source: DailyPostNGR - 🏆 11. / 59 Read more »
Expert warns Nigerian govt against borrowing to finance recurrent expenditureSecretary of Council to the American Chartered Institute of Management and Leadership, Prof Asiwaju Busari Akande has warned the federal government of Nigeria against unnecessary borrowings to finance recurrent expenditures. DAILY POST recalls that as of December 2023, the Senate approved President Bola Tinubu’s request to borrow $7.
Source: DailyPostNGR - 🏆 11. / 59 Read more »
Nigeria doesn’t have enough revenue for social services – Finance Minister EdunThe Minister of Finance, Olawale Edun, has lamented that Nigeria doesn't have enough revenue for critical infrastructure and social services crucial to Nigerians amid the economic hardship. Edun disclosed this in Abuja on a podcast hosted by Bruit Costaud in collaboration with Ballard Partners of USA.
Source: DailyPostNGR - 🏆 11. / 59 Read more »
Fuel subsidy costs Nigerian government N400 billion monthly, says Minister of FinanceThe Minister of Finance and Coordinating Minister of the Economy, Wale Edun, reveals that fuel subsidy is costing the Federal Government N400 billion monthly. President Bola Tinubu has declared the end of the fuel subsidy era to redirect funds towards developmental initiatives.
Source: DailyPostNGR - 🏆 11. / 59 Read more »