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David Ryder - 1 Amar Bhattacharya - 1 Vera Songwe - 1 Nicholas Stern - 1 Mark John - 1 Barbara Lewis - 1
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Search resuls for: "Vera Songwe"


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☆ 'Tax the bad' to boost climate finance, COP28 panel advises
  + stars: | 2023-11-29 | by ( Mark John | ) www.reuters.com   time to read: +4 min
[1/3] A general view shows Marathon Petroleum's refinery, following Russia's invasion of Ukraine, in Anacortes, Washington, U.S., March 9, 2022. Higher carbon taxes - including levies on emissions from the maritime and aviation sectors - should be among options COP28 studies, the panel recommended. Subsidies for fossil fuels totalled $1.3 trillion, and substantially more if counting the societal cost of dealing with emissions and pollution. Co-chair Nicholas Stern, professor at LSE/Grantham Research Institute, said there was a compelling case for energy companies to make voluntary contributions. "I think that moral obligation is something that will be emphasised at COP28, and indeed before and after," he said.
Persons: David Ryder, Amar Bhattacharya, Vera Songwe, Nicholas Stern, Mark John, Barbara Lewis Organizations: REUTERS, Summit, United Arab, Brookings, Center, Sustainable Development, Investments, World Bank, LSE, Grantham Research Institute, Aviation, Thomson Locations: Ukraine, Anacortes , Washington , U.S, Dubai, United Arab Emirates, Paris, COP28, China
☆ COP 27 Developing countries need $1 trillion a year in climate finance -report
  + stars: | 2022-11-08 | by ( ) www.reuters.com   time to read: +2 min
The report, released ahead of talks on climate change finance at the COP27 summit in Egypt, said the funding was required to cut emissions, boost resilience, deal with damage from climate change and restore nature and land. "The world needs a breakthrough and a new roadmap on climate finance that can mobilise the $1 trillion in external finance that will be needed by 2030 for emerging markets and developing countries other than China," said the report, commissioned by the current and previous climate summit hosts, Egypt and Britain. It said the total annual investment requirement of developing countries would hit $2.4 trillion by 2030, with half coming from external financing and the rest from public and private sources in those countries. "Unlocking substantial climate finance is the key to solving today's development challenges," said Vera Songwe, one of the report's authors. Delegates at the climate summit in Egypt are expected to focus on financing issues on Wednesday.
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