The EU plans to propose that the fossil fuel industry contributes to climate funding for poorer countries in upcoming UN negotiations.
The European Union is preparing to call for the fossil fuel industry to contribute to climate funding for poorer countries, as UN climate negotiations in November approach. The EU aims to set a new goal for global financing, with the current UN commitment of wealthy nations spending $100bn per year from 2020 failing to be met. The new target is expected to be significantly larger due to rising costs of climate disasters.
March 04, 2024
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