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World s Richest Countries Under Pressure to Deliver Climate Funding for Poor UN Secretary-General António Guterres said $100 billion is the bare minimum. By Beh Lih Yi July 9 (Thomson Reuters Foundation) The world s 20 largest economies face mounting calls to boost climate finance for poorer nations as ministers meet on Friday in Italy, with green groups warning a failure to deliver fresh money could throw November s key climate talks into doubt. Developed nations are under pressure ahead of the COP26 climate conference in Scotland to deliver a promised $100 billion a year for vulnerable countries to adopt clean energy and adapt to a warmer planet, up from about $80 billion in 2018. ....
Vulnerable economies call on rich nations to avert global climate-Covid economic threat Sun Online Desk Vulnerable economies on Thursday called upon the rich nations to avert global climate-Covid economic threat. The 48 most vulnerable economies demand “2020-2024 delivery plan” for the missing $100 billion annual Paris Agreement climate assistance. Led by Bangladesh as chair of the V20, the world’s most climate vulnerable economies met virtually as heads of state and government, ministers of finance and economy, together with leaders of the United Nations, partner economies and the global financial system to address the compound, destabilizing effect of climate disasters and the Covid-19 pandemic on low- and middle-income economies. ....
PM to open V20 Finance Summit Thursday-563229 daily-sun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from daily-sun.com Daily Mail and Mail on Sunday newspapers.
Bangladesh needs to invest in climate diplomacy thedailystar.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thedailystar.net Daily Mail and Mail on Sunday newspapers.
‘Economies facing fiscal, sustainability pressures amid climate disasters, Covid-19 pandemic’ V20 finance ministers tell GCA Summit Star Online Report Star Online Report The Vulnerable 20 Group of Finance Ministers (V20) have highlighted mounting pressures to their economies amidst climate disasters and the Covid-19 pandemic during the inaugural Global Climate Adaptation (GCA) Summit. The V20 is seeking support for new climate investments to exceed the low-bar USD 100 billion target for international climate finance that the group can deploy in their respective economies, according to a press release issued today. The world economy is at a historic crossroads. Covid-19 has shown the inadequacy in our preparation, said Bangladesh Finance Minister Mustafa Kamal. ....