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الاقتصادية
Source: الاقتصادية
15 Hrsالاقتصادية
Source: الاقتصادية
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The COP31 conference opened on Monday in Antalya, Türkiye, amid financing and geopolitical challenges. The external financing gap for emerging and developing countries, excluding China, is estimated at around $1.3 trillion a year by 2035. These countries’ climate and development needs are estimated at $3.2 trillion annually, of which $1.9 trillion is expected to come from domestic resources and reforms. Collective climate finance aims to mobilize $300 billion a year for developing countries. The conference faces difficulties securing the necessary resources and sharing the burden, as limited public financing and pressures from geopolitical tensions and energy markets constrain governments’ ability to make additional pledges.
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