The UN Environment Programme estimates that developing nations will need up to 364 trillion each year in public finance for climate adaptation this decade.
ADVERTISEMENTPressure is mounting for global financial reforms to help developing nations tackle climate change.
An open letter was sent to G20 leaders ahead of annual World Bank and International Monetary Fund (IMF) meetings this week. It urges them to end crippling debt for developing nations and introduce new measures to make polluters pay.
Signatories include the former Prime Minister of Denmark Helle Thorning-Schmidt, Former Prime Minister of New Zealand Helen Clark, Paris Agreement architect Christiana Figueres as well as celebrities and other influential figures.
The m…
Read the full article at: https://www.euronews.com/green/2024/04/15/end-crippling-debt-calls-mount-for-global-financial-reform-to-tackle-debt-and-climate-cris