During the beginning of COP27, out of the many countries that are taking part in the event, a handful of them are pledging large amounts of money into the loss and damage fund. This is the first time in history that loss and damage has been part of the COP discussion,...
During COP27’s Finance Day, the UK has announced that it will be allowing the deferral of some of the debt payments that belong to countries that have been significantly hit by climate disasters. The two-year deferral will be granted to countries that will need large...
The United Nations (UN) has released a list of projects worth $120 billion to be in line with COP27’s Finance Day. These projects have been put in place to encourage investors to put money towards helping poorer nations to rebuild, cut emissions and adapt to the...
Developed country Parties shall provide financial resources to assist developing country Parties with respect to both mitigation and adaptation in continuation of their existing obligations under the Convention. Other Parties are encouraged to provide or continue to...
Gaston Browne, Antigua and Barbuda's Prime Minister stated that nations that are highly polluting should be paying more towards the climate compensation fund. Browne claimed that China and India are two of these nations, who should be helping countries who need to...
Finance is one of the most important factors when implementing climate action, therefore it has been at the centre stage of the UNFCCC process and the Paris Agreement negotiations. At COP26, in Glasgow, finance was again at the heart of discussion and many of the...
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