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
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