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☆ The Missing $1 Trillion
  + stars: | 2024-04-18 | by ( David Gelles | Manuela Andreoni | ) www.nytimes.com   time to read: +1 min
Discussions about how to reform lumbering multilateral bureaucracies can get tedious quickly. How to make more money available for developing nations that are being battered by extreme weather? And how to make sure poor countries don’t spend too much money servicing their debt? Experts estimate that at least $1 trillion a year is needed to help developing countries adapt to hotter temperatures and rising seas, build out clean energy projects and cope with climate disasters. “For many countries, they will only be able to implement strong new climate plans if we see a quantum leap in climate finance this year,” Simon Stiell, the United Nations climate chief, said in a speech last week.
Persons: ” Simon Stiell Organizations: World Bank, International Monetary Fund, United Nations Locations: United
☆ World 'nowhere near' hitting climate targets, U.N. warns
  + stars: | 2022-10-26 | by ( Chantal Da Silva | Chantal Da Silva Is A Breaking News Editor For Nbc News Digital Based In London. | ) www.nbcnews.com   time to read: +3 min
The world is "nowhere near" hitting its targets to cut greenhouse gas emissions, putting it on track to soar past the limit for global warming countries committed to in the landmark 2015 Paris Agreement, the United Nations has warned. But the impact of countries' pledges to ramp up their climate fight is falling short, scientists behind the report warned. “We are still nowhere near the scale and pace of emission reductions required to put us on track toward a 1.5 degrees Celsius world,” Simon Stiell, head of the U.N. climate office, said in a statement. But it found that just 24 new or updated climate plans were submitted by countries since COP 26. “The fact that only 24 new or updated climate plans were submitted since COP 26 is disappointing," said Stiell.
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