COP31: Guterres faults fossil fuel lobby, demands $1.3tn for developing countries
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At COP31, UN Secretary-General António Guterres criticized the influence of fossil-fuel lobbyists and called for $1.3 trillion in annual climate financing for developing countries. The financing ambition builds on the climate finance agreement reached at COP29 in Baku in 2024.
The $1.3 trillion annual financing ambition is not an entirely new commitment. It builds on the climate finance agreement reached at COP29 in Baku, Azerbaijan, in 2024 The post COP31: Guterres faults fossil fuel lobby, demands $1.3tn for developing countries appeared first on Premium Times Nigeria.
World Politics Commodities Energy COP31 António Guterres climate finance fossil-fuel lobby developing countries COP29 Baku