The lack of resources has made it challenging for those countries to reduce their high carbon emissions and shift to clean energy faster, she noted.
Developing nations will need more than $1 trillion each year to make significant progress in climate transition, according Mari Pangestu, a former World Bank official.
The lack of funding resources has made it challenging for those countries to reduce their high carbon emissions and shift to clean energy, she noted. This has led to tensions between developing nations and the developed world, which are pushing for more progress in climate related issues. "The estimate is like $1 [trillion] to $3 trillion a year for developing countries to be able to transition," she told CNBC's "Squawk Box Asia" on Thursday.
"This debate is going to continue unless developed countries can see that this is about development and climate — not just about climate," Pangestu, a former trade and tourism minister for Indonesia, said.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
World Bank to help fund 1,000 mini solar power grids in NigeriaThe World Bank is aiming to help fund construction of 1,000 mini solar power grids in Africa's biggest economy Nigeria in partnership with the government and private sector, the lender's president Ajay Banga said on Saturday.
Lire la suite »
Many stars at Women's World Cup juggle parenthood while playing on the world stageAlex Morgan was speaking to reporters at the Women's World Cup when she had to excuse herself to Facetime her young daughter before the toddler's bedtime back home in the United States. Forget about orange slices, players such as Morgan, Katrina Gorry of Australia and Cheyna Matthews of Jamaica are redefining what it means to be a “soccer mom.” There have been plenty of elite athletes who have also juggled parenthood, but the level of support the mothers are receiving while on the job at the Women's World Cup is improving.
Lire la suite »
Woman with baby takes cover inside Capitol One bank during chaos in Union SquareOne woman, carrying a baby in her arms, was forced to flee to safety inside a Capitol One bank nearby amid the chaos in Union Square.
Lire la suite »
Bank of England Governor Backs Regulator Plan to Ensure 'Fairness' for SaversThe governor of the Bank of England has backed the City watchdog's action to ensure interest rate rises are passed appropriately to savers, saying a failure to do so 'raised a question about fairness to customers'.
Lire la suite »
Bank of America imposters renew Zelle scam, telling victims 'ignore fraud warnings''I trust nothing that the bank sends me right now. Like nothing,' the scam victim said.
Lire la suite »