{
Akshat Rathi

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001122334455554433221100

climate finance negotiations face challenges as countries seek new funding sources

At COP29, nearly 200 countries are negotiating a new climate finance goal, potentially reaching up to $2 trillion annually, as developed nations signal reliance on private sector funding amid their own budget constraints. Developing countries, however, advocate for publicly financed grants, expressing skepticism about the feasibility of mobilizing private finance without direct control over these funds. The ongoing distrust stems from past unmet commitments, raising concerns about the credibility of future pledges and the role of multilateral development banks, which face capital restrictions and competing priorities.
Bloomberg.com
United States Dollar International Bank For Reconstruction And Development - World Bank Trust Funds Wall Street Capital, Inc. G20 AZE BRA Chris Humphrey Vera Songwe Antony Sguazzin André Corrêa do Lago Akshat Rathi Show more
Finance & Economy, News Article
03:00 13.11.2024
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