{
African Development Bank Group

Companies

}
001122334455554433221100
001122334455554433221100

development banks commit to 120 billion dollars in climate finance by 2030

At COP29 in Azerbaijan, major multilateral development banks pledged to raise $120 billion annually in climate finance for developing nations by 2030, a significant increase from previous years. This effort aims to support poorer countries in reducing emissions and adapting to climate impacts, although it falls short of the trillions needed. MDBs emphasize that their ability to scale up finance relies on increased contributions from their country shareholders and facilitating private sector investment.
Bloomberg.com
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Finance & Economy, News Article
13:34 12.11.2024
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