News Formal

More than $2 billion committed at UK-US climate finance forum

  • 📰 ReutersScience
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Finance leaders, companies and philanthropists have committed more than $2 billion to help finance efforts to reduce carbon emissions and boost climate resilience across Africa, Asia and Latin America, a joint UK-U.S. statement said on Tuesday.

The statement, by Britain's Energy Security and Net Zero Secretary Grant Shapps and U.S. Special Presidential Envoy on Climate John Kerry, followed a Climate Finance Mobilisation Forum held at Windsor Castle, England, with the aim of bolstering private capital flows to emerging economies.

"The scale of this transition requires trillions in private investment in addition to the public funds we are spending. It is also one of the biggest investment opportunities in history." These firms will identify at least $1 billion of initial projects in emerging markets using nature-based solutions, such as regenerative farming and sustainable water management, alongside technology to develop products and systems that reduce negative environmental impacts.

in companies addressing climate change in Asia and Africa, with projects that it hopes will reach up to 50 million low-income people.

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:

 /  🏆 559. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

More than $2 bln committed at UK-US climate finance forumFinance leaders, companies and philanthropists have committed more than $2 billion to help finance efforts to reduce carbon emissions and boost climate resilience across Africa, Asia and Latin America, a joint UK-U.S. statement said on Tuesday.
Source: ReutersScience - 🏆 559. / 51 Read more »

China’s Finance Ministry calls on US to take practical actions over economic sanctionsOn US Treasury Secretary Janet Yellen's visit, China’s Finance Ministry said in a statement, urged the US to take practical actions in response to Chi
Source: FXStreetNews - 🏆 14. / 72 Read more »

DeFi protocol Arcadia Finance hacked on Ethereum and Optimism for $455kWhile the investigations are underway, Arcadia’s code houses another vulnerability, which could prove catastrophic for the protocol if exploited. PeckShield reveals the cause of Arcadia Finance hack. The code did not validate untrusted inputs. Hacker drained $455K from darcWETH and darcUSDC vaults.
Source: Cointelegraph - 🏆 562. / 51 Read more »