China Renews Call for Trillions in Climate Funds for Poor States
- COP29 climate conference should focus on how to raise funds
- Developed countries want to broaden donor base to ease budgets
Solar panels in Yinchuan, China.
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China and some of the world’s biggest developing nations made a renewed demand on richer countries to lift climate financing to trillions of dollars a year to accelerate the green transition in emerging economies.
Brazil, South Africa and India also backed a statement Wednesday calling on the developed world to channel more money to emerging markets as many of the poorest governments and most vulnerable people adapt to rapidly warming temperatures.