Show us the money: Developing world at COP27 seeks finance details

A police officer stands in front of the entrance of the Sharm El Sheikh International Convention Centre during the COP27 climate summit in Egypt's Red Sea resort of Sharm el-Sheikh, Egypt November 9, 2022. REUTERS/Emilie MadiEmerging markets demand more help to pay for transitionSHARM EL-SHEIKH, Egypt, Nov 9 - Finance took centre stage at the COP27 climate talks on Wednesday, with U.N.

After a year of meetings with stakeholders around the world, they released the initial list so that banks and others can assess the projects. Getting money to low- and middle-income countries so they can build infrastructure, such as renewable energy plants needed to replace fossil fuels, has long been a focus for the U.N. climate talks. But progress has been slow.

World Bank President David Malpass addressed delegates on Wednesday, running through the bank's climate efforts and involvement in a partnership under which Western nations would provide $8.5 billion to South Africa for its energy transition.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

COP27: WTO chief seeks to revive green trade talksThe head of the World Trade Organization aims to revive negotiations on a global environmental trade deal, she told Reuters, as part of efforts to give the trade watchdog a bigger role in tackling climate change.
Source: ReutersScience - 🏆 559. / 51 Read more »

COP27 Climate talks must wrench attention from competing crisesThis year's U.N. climate conference must wrench global leaders' attention back to global warming as multiple crises, including a looming global recession and war in Europe, vie for attention, former U.N. climate chief Patricia Espinosa told Reuters.
Source: ReutersScience - 🏆 559. / 51 Read more »