COP27: $1 trillion of climate finance needed by 2025

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South Africa News News

Minister for Foreign Affairs Simon Coveney will represent the Irish Government COP27 climate talks in Sharm El Sheikh, as the focus shifts to the theme of climate finance - the cornerstone for implementing climate actions and scaling up ambition

Taoiseach Micheál Martin warned fellow leaders yesterday that citizens will become increasingly cynical, weary and hopeless if words about climate action are not urgently matched by deeds and if commitments do not generate new realities.

The Heads of States and political leaders have now left COP27 and Sharm el-Sheikh after delivering more than one hundred National Climate Statements over the two days. Today the focus will shift to the theme of climate finance - the cornerstone for implementing climate actions and scaling up ambition.

A special report, commissioned from the Independent High-Level Expert Group on Climate Finance for COP27, found that by 2025, $1 trillion in investment per year will be required to cut greenhouse gases, boost climate resilience, restore nature, and pay for the damage caused by extreme weather events in developing countries outside of China alone.How to ensure that kind of money is made available in an affordable manner, and who will provide it, will be very much under the spotlight today.

 

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Can't they just print it 😉 what's an extra trillion or two 🤷‍♂️

Beginning to sound like a holiday fo the lads.

More BS to screw the taxpayers

Anyone have an overall carbon footprint for all the private jets flown to Sharm El Sheikh by the elites who are going to save us all from 'climate change'?

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