23 Hrs
Source:
الشرق
Finance Minister stresses turning commitments into climate investments
The Qatari Minister of Finance emphasized that the success of climate finance depends on translating political commitments into tangible investments that promote growth and environmental sustainability. He pointed out that current global funding amounts to around two trillion dollars annually, while actual needs are estimated to exceed six trillion dollars by 2028, highlighting a significant gap, especially in financing for developing countries. He explained that obstacles include political uncertainty, debt burdens, and high capital costs, while praising the role of multilateral development banks, which recorded a measurable financing of 137 billion dollars in 2024. He also stressed the importance of policy reforms and strengthening partnerships to accelerate funding and achieve climate sustainability goals.
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