Trillions needed, but who will pay? As COP29 looms, rich and poor nations clash over climate finance

  • 📰 malaymail
  • ⏱ Reading Time:
  • 40 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 86%

Climate Finance News

COP29 UN Climate Summit,Climate Change,Funding

PARIS, Sept 18 — Developing countries will need trillions of dollars in the years ahead to deal with climate change — but exactly how much is needed, and who is going to pay...

PM Anwar: Halal no longer merely abstaining from pork and alcohol, industry can be inclusive by reaching even the poorest in society

From grooming to child labour and beatings, IGP confirms physical and emotional crimes on kids rescued from Global Ikhwan-linked welfare homes In general terms, it’s money spent in a manner “consistent with a pathway towards low greenhouse gas emissions and climate-resilient development”, as per phrasing used in the Paris agreement.

In 2009, these countries — the United States, the European Union, Japan, the United Kingdom, Canada, Switzerland, Turkey, Norway, Iceland, New Zealand and Australia — committed to paying US$100 billion per year by 2020. They argue times have changed since 1992. Economies have grown, new powers have emerged, and yesterday the big industrialised nations of the early 1990s represent just 30 per cent of historic greenhouse gas emissions.

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:

 /  🏆 1. in SG
 

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

Singapore Singapore Latest News, Singapore Singapore Headlines