A global transition to a low-carbon economy will require investments of at least US$4 trillion a year (£3.4 trillion) according to the implementation plan agreed at COP27 UN climate change summit in Sharm El-Sheikh, Egypt. Delivering this funding will involve nothing less than “a swift and comprehensive transformation of the financial system,” a UN bulletin reads.
Click here for original story, Opinion: Tackling climate change will require reforming the World Bank and IMF. Here are two options
Source: Phys.org