A report by the OECD has found that efforts will need to be stepped up if developed countries plan to honour their promise of providing $100 billion per year to the Global South from 2020. Journal de l'Environnement reports .
Focusing development and traditional finance towards low carbon energy efficient infrastructure will fight climate change, help the world meet sustainability targets and boost global economic productivity, the world’s finance ministers have been told.
A conference in Cape Town, South Africa, attended by ministers and government representatives of 28 countries, called for increased development of renewable energy, with rural needs being met with grid and off-grid solutions.
Climate change threatens global financial crises, and long-term declines in wealth, unless world leaders urgently seal a deal to limit it, the head of the Bank of England said on Tuesday (30 September).