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World needs 'trillions' for climate action, says COP28 president

PARIS: The world needs “trillions” of dollars to spur on the green transition and tackle global warming, the head of last year’s COP28 climate talks said on Tuesday, warning that political momentum can evaporate without clear action. COP28 president Sultan Al Jaber hailed progress made at UN negotiations last year in Dubai, where countries agreed to triple global renewables capacity this decade and “transition away” from polluting fossil fuels. But the deal lacked important ....

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$188 million and counting

THE ADAPTATION Fund, from which developing countries such as Jamaica have benefited, earned high praise for its work on the sidelines of the recent international climate talks (COP28), while several contributors announced new finance pledges. ....

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