Finance must break developing countries from ‘debt and disaster’ loop – UN climate chief
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7 Articles
Is it acceptable for countries that have suffered climate disasters not to repay all the funds provided? How does investment to reduce greenhouse gases differ from support for disaster recovery? At the 31st United Nations Climate Change Conference (COP31), which has been held in Antalya, Turkey since the 9th (local time),
Finance must break developing countries from ‘debt and disaster’ loop – UN climate chief
“Meeting a financial target does not always meet countries’ needs. To do that, we need to look at how finance is delivered,” Mr Stiell said on Friday at the opening of a high-level ministerial dialogue on climate finance in Antalya, Turkey.
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UN chief urges developed countries to step up climate finance for developing nations
Digital Desk | United Nations, Nov 14 (IANS) UN Secretary-General Antonio Guterres has urged developed countries to step up climate financing for developing nations, describing the global climate finance system as marked by "structural injustice." Speaking at a press conference at the 31st United Nations Climate Change Conference (COP31) in the Turkish coastal city of Antalya on Friday (local time), Guterres pointed to the massive funding gap …
ANTALYA -- The United Nations (UN) is pushing for global climate finance reform to prevent developing countries, especially those vulnerable to disasters, from becoming further burdened with debt. The funding scheme is deemed necessary to be made more affordable...
Stiell urges climate finance reform to break developing countries’ debt-disaster cycle - EnviroNews - latest environment news, climate change, renewable energy
The Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC), Simon Stiell, has called for a fundamental reform of the global climate finance system, warning that developing countries remain trapped in a cycle of debt, climate disasters and rising borrowing costs that undermines their ability to invest in resilience and low-carbon development. […]
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