A surge of new net zero pledges from the Middle East's oil producing nations has raised expectations ahead of the United Nations COP26 climate change summit in Glasgow starting Sunday - but campaigners say the promises fall far short of what is needed.
The world's biggest economies should create a forum to facilitate global coordination for the next pandemic, as well as a new financing facility to keep up with emerging threats, U.S. Treasury Secretary Janet Yellen and Indonesian Finance Minister Sri Mulyani Indrawati said on Tuesday.
President Tayyip Erdogan said on Wednesday Turkey had signed a memorandum of understanding under which it will receive loans worth $3.2 billion to help it meet clean energy goals set out in the Paris climate accord.
Climate change will force tens of millions of East Africans to abandon their homes within the next three decades, even if schemes to reduce its impact on the region are rolled out, the World Bank said on Wednesday.
The United States is calling for quicker progress on restructuring the debts of highly indebted countries under the Common Framework agreed last year by the Group of 20 economies and the Paris Club, a senior Treasury official said Wednesday.