Climate finance in the spotlight at COP28 climate talks to bridge gaps
Money pledges stacked up at COP28 in Dubai on Monday as delegates sought to address the huge gap between what is needed in climate finance and the amounts so far on offer.
The United Arab Emirates, the host of this year’s conference, pledged to mobilise $270 billion in green finance by 2030 through its banks, and several development banks announced plans to increase their funding efforts, including by agreeing to pause debt repayments if a climate-related disaster hits.
