The world will not avoid dangerous levels of climate change without a significant increase in investment in developing countries, and much of that will need to come from the private sector and external sources. Fortunately, all countries stand to benefit from a rapid acceleration of the transition to carbon neutrality.
LONDON – The dust has now settled after the United Nations Climate Change Conference (COP27) in Egypt, but there are still many unanswered questions about how to finance emissions reductions and adaptation. The world will not avoid dangerous levels of climate change without a significant increase in investment in developing countries. If these countries lock in dependency on fossil fuels and dirty technologies, they will be largest source of emissions growth in the coming decades.
LONDON – The dust has now settled after the United Nations Climate Change Conference (COP27) in Egypt, but there are still many unanswered questions about how to finance emissions reductions and adaptation. The world will not avoid dangerous levels of climate change without a significant increase in investment in developing countries. If these countries lock in dependency on fossil fuels and dirty technologies, they will be largest source of emissions growth in the coming decades.