World losing race to meet climate goals, COP28 president says
- The president of the upcoming COP28 climate summit stated that the world is failing to meet its climate change goals. Sultan Al Jaber expressed concern about the lack of progress and urgency in tackling climate change.
- African leaders emphasized the need for changes to the international climate finance system, as Africa is facing severe impacts of climate change but receives only 12% of the necessary financing. They called for a transformation of the global climate financing architecture to meet Africa's needs.
- At the Africa Climate Summit, several countries pledged financial support for climate resilience and clean energy projects in Africa. The United Arab Emirates committed $4.5 billion, Germany announced 450 million euros, and the United States offered $30 million. African officials plan to push for the expansion of special drawing rights at the International Monetary Fund to unlock $500 billion worth of climate finance.
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Total News Sources0
Leaning Left3Leaning Right5Center4Last UpdatedBias Distribution42% Right
Bias Distribution
- 42% of the sources lean Right
42% Right
L 25%
C 33%
R 42%
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