World Bank and IMF climate snub ‘worrying’, says COP29 presidency
The hosts of the most recent UN climate talks are worried international lenders are retreating from their commitments to help boost funding for developing countries’ response to global warming. Under the Paris Agreement, wealthy developed countries — those most responsible for global warming to date — are obliged to pay climate finance to poorer nations.
The hosts of the most recent UN climate talks are worried international lenders are retreating from their commitments to help boost funding for developing countries’ response to global warming. Under the Paris Agreement, wealthy developed countries — those most responsible for global warming to date — are obliged to pay climate finance to poorer nations.
