Show us the money: Developing world at COP27 seeks financing 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.

In an effort to answer the argument by private sector financiers that it's too risky to invest more in emerging markets, the experts, who help the COP host-governments engage with business, pulled together a list of projects that could be funded more quickly. "We now need a creative collaboration between project developers and public, private and concessionary finance, to unlock this investment potential and turn assets into flows," said Mohieldin, High-Level Champion for COP27.in external financing every year by 2030, and then match that with their own funds, in order to meet the world's goal of preventing runaway climate change.

France and Germany also signed loan agreements to extend 300 million euros in concessional financing to South Africa to support its shift away from coal-fired power.

Here’s the financing details. Fossil fuel companies are bribing all of those government officials and lying to them. Probably at least $3bil, which is nothing for them. COP27 was purely performative. As was 26. And every other one.

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