How to translate science into finance for developing countries: The trillion dollar climate question

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

Climate Finance News

Developing Countries,Science

BAKU (Azerbaijan), Nov 17 — Trillions of dollars are needed to make poorer nations more resilient to climate change, and studies have estimated that every US$1 invested today...

Sheung Wan Noodle House in Damansara Utama is the newest spot for great Hong Kong-style beef noodles, 'wantan' noodles and Shunde speciality fish curds

But some projects attract money more easily than others, said Avinash Persaud, special climate adviser to the president of the Inter-American Development Bank, a lender for Latin American and Caribbean nations. Avinash Persaud, special climate adviser to the president of the Inter-American Development Bank, attends the United Nations Climate Change Conference in Baku on November 16, 2024. — AFP picBut governments are limited in the amount they can borrow, he said, and reluctant to dip into their budgets for climate adaptation in poorer nations.

“You’re seeing the political landscape – governments are not getting elected to raise their aid budgets and send more money abroad,” said Persaud.A defensive sea wall, for example, might not pay off for decades, making it difficult for debt-strapped countries to borrow enough money at reasonable rates to build it in the first place.

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 ZA
 

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

South Africa South Africa Latest News, South Africa South Africa Headlines