The East African country is set to present an ambitious energy transition plan at the climate summit while seeking foreign investment of about five times its annual GDP.
When the Seychelles government announced it would allow a Canadian company to explore for oil in its waters in September 2022, it said it hoped it would never have to extract the oil.
Rich countries may have delivered on their long-delayed commitment of $100 billion to assist poorer countries in adapting to climate change. Read more here.
Wealthy nations likely met their goal of providing $100 billion in annual climate finance to poorer nations last year two years later than promised and only a fraction of the "extensive needs", the OECD said Thursday.Adaptation is a key priority for developing countries and wealthy governments have promised to double adaptation finance by 2025, to $40 billion a year.