The world’s six largest multilateral development banks committed $35.2 billion to climate financing for developing and emerging economies in 2017, a new record seven-year high and up 28% on 2016.
Caribbean leaders attending the One Planet Summit in Paris on Tuesday launched the Caribbean Climate-Smart Coalition, a new public-private coalition intended to “break through the systemic obstacles that stop finance flowing to climate-smart investments.”
A total of $81 billion in climate financing was mobilised for projects being funded by the world’s six largest multilateral development banks, according to a new report. According to the new report, the 2015 Joint Report on Multilateral Development Banks’ Climate Finance, the total $81 billion dedicated to financing climate change … [continued]
