Uk Generates Billions in Climate Finance and First Crdc in Africa
The US, UK, and a host of other countries are putting their money where their mouth is to fight climate change, the New York Times reports.
At the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC), which is taking place in the United Arab Emirates this week, the countries are announcing a joint effort to drum up some $50 billion a year to help the world's poorest countries deal with the effects of climate change.
According to a press release, the Climate Investment Funds (CIF) Capital Market Mechanism will be launched next year and could raise $7.5 billion a year in new climate finance over the next decade.
The funds will be used to help the world's poorest countries deal with the effects of climate change, such as rising sea levels, droughts, and flooding, as well as to reduce carbon emissions.
"The scale and scope of this initiative is huge," the Times quotes one of the UNFCCC's organizers as saying.
The funds will be used to help the world's poorest countries avoid the worst of the effects of climate change, such as rising sea levels, droughts, and flooding, as well as to reduce carbon emissions.
The announcement was made by UK Minister for Development and Africa Andrew Mitchell, who
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
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New Biochar Documentary Highlights Exomad Green's Climate Impact 
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Summit Advances Duke Climate Connections and Ideas 
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Why Climate Risk Is A Threat to the Sports Investment Boom
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Saturday May 31, 2025
Social Entrepreneurship
Spotlight
When it Comes to Social Enterprises, Failure is the Best Platform for Innovation
In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.
