Developed nations pledge $9.3-billion to global climate fund at gathering in Germany

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 92%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

The pledged money at the conference in Bonn will be used to finance projects in developing and emerging nations between 2024 and 2027

Twenty-five countries came forward with fresh pledges while five said that they would announce theirs in the near future.

There was no mention of pledges from the United States. The office of the U.S. climate envoy John Kerry was not immediately available for comment. Civil society and NGOs criticized the commitments made Thursday, saying they fall short of what is needed to tackle the impact of climate change on vulnerable communities in developing nations.

Sultan Al Jaber, president designate of COP28, told The Associated Press in a statement that “the current level of replenishment is neither ambitious nor adequate to meet the challenge the world faces.”

 

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

 /  🏆 5. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Germany to Send Air Defenses for Kyiv to Guard Grain Routes(Bloomberg) -- Germany plans to supply additional air defenses for Ukraine to help protect grain shipments from potential Russian attacks, according to people familiar with the matter.Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpOnly an Equities Crash Can Rescue the Bond Market, Barclays SaysOzempic Is Making People Buy Less Food, Walmart SaysUS Stocks Buoyed by Big Tech Gains as Yields Slide: Markets WrapApple Considered, Rejected Switch to DuckDuckGo F
Source: YahooFinanceCA - 🏆 47. / 63 Read more »