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DESCRIPTION: The 27th United Nations (UN) Conference of the Parties (COP), which took place this November in Sharm El Sheikh, Egypt, marked a significant milestone in developing action against climatechange. Climatechange inequality, contributors and sufferers, has been a key agenda item at COP for many years.
trillion globally, according to the World Bank from a mere US$15 billion in 2013. The GBP were creat ed in 2013 by a group of financial institutions, who then asked the International Capital Market Association (ICMA), to provide its secretariat, explains Simone Utermarck, Director, Sustainable Finance at ICMA.
With adaptation finance flows remaining dangerously low to meet climate goals, has COP28 made a difference? Developed countries have also been asked to prepare a report on doubling by COP29. billion fund.
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