with UN experts publishing a list of projects worth US$120 billion that investors could back to help poorer countries cut emissions and adapt to the impacts of global warming.
In an effort to answer the argument by private sector financiers that it is too risky to invest more in emerging markets, the experts, who help the COP host-governments engage with business, pulled together a list of projects that could be funded more quickly. COP stands for “Conference of the Parties” which signed up to the original UN climate agreement in 1992.
However, another report released on Tuesday suggested that developing countries would need to secure US$1 trillion in external financing every year by 2030, and then match that with their own funds, in order to meet the world’s goal of preventing runaway climate change.