UN Climate Change Secretary Simon Still has called for a substantial increase in climate finance, urging for $2.4 trillion to be allocated towards climate change funding ahead of COP29. This move is aimed at making a significant impact in the fight against climate change. During a high-profile speech in Baku, the UN climate chief highlighted the need for 'torrents, not trickles' of climate finance. The upcoming COP29 has been described as an 'enabling COP,' focused on drastically scaling up climate finance and making bold emissions reduction commitments. In a related development, digital platforms that connect investors with small to mid-sized green projects are being highlighted as key to fulfilling global climate commitments. Emma FitzGerald, co-chair of one of the World Economic Forum’s Global Future Councils, emphasized the importance of such platforms in reaching net-zero emissions and effectively tackling climate change by financing a full spectrum of green projects.
Financing the full spectrum of green projects is essential to tackle climate change effectively, notes Emma FitzGerald, co-chair of one of the @wef’s Global Future Councils. https://t.co/d7a2FnSvUi
Attracting a wider range of investors to less gargantuan, but no less important, green ventures is necessary to reach net-zero emissions, writes Emma FitzGerald, co-chair of one of the @wef’s Global Future Councils. https://t.co/PwSdEeOMuJ
UN Climate Chief Simon Stil l calls for allocating $2.4 trillion for financing climate programs. In his opinion, this is the only way humanity can make a significant contribution to combating climate change. https://t.co/v8D7JsJfte
UN climate chief calls for $2.4 trillion in climate change funding This proposal was made by UN Climate Change Secretary Simon Still. In his opinion, this is the only way humanity can make a significant contribution to the fight against climate change. https://t.co/HD6GktQe7Z
The UN's next climate summit will be an "enabling COP," focused on drastically scaling up climate finance and making bold emissions reduction commitments. https://t.co/j0lg3o3FmO
"Torrents, not trickles" of climate finance needed for COP29 -- UN climate chief lays out markers for climate action in next 2 years during an unusually high-profile speech in Baku. https://t.co/I1zQB1hutc
UN climate chief calls for $2.4 trillion in climate finance https://t.co/rjYpx5qPUR https://t.co/DKZABrYjKk
Digital platforms that match investors with green projects in the smaller to mid-size category will be crucial to meeting global climate commitments, argues Emma FitzGerald. https://t.co/kl0eukMGXX