Member

The agreement reached is to provide and mobilise at least $300 billion of climate finance by 2035 for developing countries. Much of that will come from the multilateral development banks, such as the World Bank, which have stepped up to set a target to substantially increase the climate finance they provide. Importantly, for the first time, the agreement reflects a new global landscape, where traditional donors will be joined by big emitters such as China to help finance the transition. That is fair and right.