Baku, October 17, AZERTAC
Over the past decade, we have seen real progress in financing climate action. More than a trillion dollars was invested in climate action last year globally. Ten years ago, this figure was in the hundreds of billions. According to the OECD, in 2022, developed countries provided and mobilized more than $100 billion in climate action finance for developing countries.
This was said by Simon Stiell, Executive Secretary of the United Nations Framework Convention on Climate Change, during an online event of the Brookings Institute’s Program on Global Economy and Development.
“We simply cannot afford a world of clean energy haves and have-nots. In a two-speed global transition, everyone will soon lose. Indeed, we will only be able to prevent the climate crisis from decimating all economies, including the largest, if every nation has the means to reduce greenhouse gas pollution and strengthen climate resilience,” he said. the executive secretary.
According to him, trillions more are needed for this.
“This is a crucial investment to protect the global economy, and will be just a fraction of the costs every nation will pay if we allow the climate crisis to continue, devastating more lives and more every year. livelihoods,” added Simon Stiell.
Belgium
