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Financial Contribution

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UAE's COP28: Balancing Climate Influence and Oil Deals

The United Arab Emirates (UAE) is making a bid for climate influence by pledging a $200 billion financial contribution towards global climate action. This move comes ahead of the upcoming COP26 climate summit, where countries are expected to make ambitious commitments to combat climate change. The UAE's significant financial commitment aims to position the country as a key player in shaping global climate policies and initiatives.

via Financial Times|

#climate-change #climate-influence #cop26

climate-change2 years ago•2 min saved

EU Commits Significant Funding to COP28 Climate Damage Fund

The European Union (EU) has announced that it will make a "substantial" financial contribution to a new international fund aimed at addressing the destruction caused by climate change. The fund, known as the climate "loss and damage" fund, is set to be launched during the upcoming United Nations COP28 climate summit in Dubai. The EU's contribution, the size of which has not been specified, is expected to help facilitate other deals at the summit, including efforts to phase out fossil fuels and increase renewable energy capacity. The United States has also indicated its intention to contribute to the fund.

via Reuters|

#climate-change #climate-damage-fund #cop28