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Independent High-Level Expert Group on Climate Finance, 8 November 2022
Annual investments in emerging market and developing countries other than China, to cut emissions, to boost resilience and deal with the loss and damage caused by climate change… Read more »
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Africa: Millions Pledged At Africa Adaptation Acceleration Event at COP27
Africa Renewal, 8 November 2022
UK pledged $230 million, the Netherlands $110 million, AfDB $12.5 billion, Germany to increase contribution to $6 billion by 2025 Read more »
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Africa: COP27 - Continent Is Not Holding Its Breath Waiting for Funding
The Exchange, 9 November 2022
Many African delegates and journalists were unable to attend the event due to the prohibitive accommodation costs. Read more »
Trillions Needed For Climate Action in Developing World - Report
Emerging market and developing countries should work with investors, developed countries and multilateral institutions to unlock U.S.$1 trillion annually in external finance for three areas of climate action, a new report says. The three climate action areas are cutting emissions; boosting resilience and dealing with the loss and damage caused by climate change impacts; and restoring nature and land.
The total annual investment needs for emerging market and developing countries other than China are estimated to be U.S.$1 trillion in 2025 and U.S.$2.4 trillion by 2030.
The report 'Finance for climate action: scaling up investment for climate and development' is by the Independent High-Level Expert Group on Climate Finance and was prepared at the request of the Egyptian Presidency of COP27 and the UK Presidency of COP26.
The report was published on November 8, 2022 ahead of finance day on November 9 at the United Nations climate change summit in Sharm el-Sheikh, Egypt.
Documents
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8 November 2022
Finance for climate action: scaling up investment for climate and development
- Author:
- Independent High-Level Expert Group on Climate Finance
- Publisher:
- Independent High-Level Expert Group on Climate Finance
- Publication Date:
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