BusinessFILE - United Nations Climate Chief Simon Stiell speaks during a plenary session at the COP28 U.N. Climate Summit, Dec. 1, 2023, in Dubai, United Arab Emirates. Stiell says humanity has only two years left to save the world by making dramatic changes in the way it spews heat-trapping emissions and it has even less time to act to get the finances behind such a massive shift.
He called for more financial aid, not just loans, and more money from different groups like banks, the International Maritime Organization, and the G20, the world's 20 most powerful economies. Those countries are responsible for 80% of the world's heat-trapping emissions, he said. Officials said the climate finance problem needs to be fixed by the end of the year with November's climate negotiations in Baku, Azerbaijan, a crucial point.
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