US EditionBRICS Nations Formulate First Ever Joint Climate Crisis Policy
4 Articles
4 Articles
BRICS nations formulate first ever joint Climate Crisis policy
The BRICS bloc approved its first coordinated climate finance framework on May 30, marking the group’s first unified policy to fund climate action and setting the foundation for a shared position ahead of the COP30 meeting due to be held in Brazil.
ThemeClimatic risk assurance in vulnerable regions, such as Latin America and the Caribbean, requires new instruments and an active role for multilateral financial institutions. ResumenClimatic risk assurance is subject to numerous market failures that justify public sector intervention at the national and multilateral levels.Multilateral development banks can play an essential role in promoting new instruments in regions with particular exposur…
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