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COP29 to Shape the Future of Climate Finance

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COP29 News

Climate Finance,Net Zero,Private Sector

This article discusses the importance of COP29 in mobilizing private sector finance to support global climate action and the transition to net zero.

Policymakers are descending on Baku for COP29 to mobilise finance to support climate action in developing countries and London is leading those efforts, says Chris Hayward Hundreds of ministers, policymakers and financiers descending on Baku this month for COP29 will be met by an in-tray of crucial climate policy decisions.

7 trillion of investment is required between 2021 and 2035 to meet the nation's net zero commitments The world is still recovering from the economic shocks of Covid, the Ukraine war and subsequent high inflation. It is clear that government coffers alone will not be sufficient to fund the action needed to reach net zero. Private sector must be centre stage.

 

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Source: FT - 🏆 113. / 51 Read more »