Germany advocated expanding climate finance contributors to include wealthy, high-emission countries like China and Saudi Arabia, emphasizing the need for increased funds to support developing nations. The aim is to enhance the collective finance pool while maintaining leadership and responsibility among developed countries.
Discussions on the new target for climate finance to be provided to developing countries, replacing the 2009 goal of $100 billion, continue to be the focus in the run up to the Baku round of the UN climate talks. Germnay, among the top contributors of climate finance, is along with other developed countries pushing for expanding the group of countries that are obligated to provide developing countries with climate finance.
Press Release from Carey Olsen, Tuesday 12 March, 2024. Carey Olsen is pleased to announce that Yan-Xia Rogers has returned home to Bermuda to join the firm’s corporate team. Yan-Xia will specialise
Press Release from Guernsey Finance, Tuesday 16 January, 2024. • The agreement fosters sustainable finance innovation within the two International Financial Centres• Collaboration supports investment
Austria aims to agree within weeks to give other European Union countries access to foreigners’ bank account details, Chancellor Werner Faymann said on Saturday, allowing the bloc to begin talks
Malta must improve its implementation of three key anti-money laundering issues before it can be taken off a global watchdog’s financial crime grey list. The three points form part of an action plan