financing
Established 80 years ago, in July 1944, at a time before many developing countries had gained independence, the Bretton Woods institutions reflect the governance and priorities of a very different era. Yet, despite their shortcomings, the two institutions remain critical instruments through which European countries can mobilise climate and development finance for low- and middle-income countries — and, in doing so, pursue Europe’s own climate ambitions. The World Bank (often described simply as The Bank) plays a unique role in the international system. Its central function — to leverage shareh...
Euronews (English)
Paris (AFP) - US climate envoy John Kerry confirmed Wednesday the United States would lay out new financing commitments for the Paris Agreement to cut greenhouse gas emissions ahead of an April 22 summit, the pact's fifth anniversary. Kerry announced the pledge after talks with French Finance Minister Bruno Le Maire, part of a European tour to signal a fresh commitment to fighting climate change after ex-president Donald Trump had pulled out of the Paris accord. "We will announce our NDC at the April 22 summit or somewhere in the days before it," Kerry said, referring to the nationally determi...
AFP
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