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Amin wants to build on the progress made at COP26, which included commitment from 197 countries to the Glasgow Climate Pact , reinforcing developed countries’ responsibility to fulfil their pledge of providing US$100 billion a year to developing countries to help them meet their ParisAgreement targets. Increasing concern.
Remco Fischer, Climate Lead at the UN Environment Programme Finance Initiative (UNEP FI), notes that investing in adaptation “could bring opportunities for the private sector”. “First movers could reap the benefits from a market worth an estimated US$2 trillion per year by 2026, especially as climate impacts become increasingly intense and frequent,” (..)
A brief statement committed the world’s leading democratic economies to forming a ‘climate club’, to “support the effective implementation of the ParisAgreement by accelerating climate action and increasing ambition”. Membership is open to all countries committed to the full implementation of the ParisAgreement. “We
report acknowledged that the ParisAgreement and the UN Sustainable Development Goals (SDGs) can only be achieved via collaboration between developed and emerging market stakeholders, across governments, investors, multilateral organisations and local communities. . In April, a Principles for Responsible Investment (PRI) ?
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