Development Banks Commit $120 Billion for Climate Finance by 2030

In a significant move aimed at combating climate change, a coalition of development banks has pledged to mobilize a staggering $120 billion in climate finance by the year 2030. This commitment was announced during the United Nations Climate Change Conference, known as COP28, held in Dubai, where world leaders and financial institutions gathered to discuss strategies for environmental sustainability and climate resilience.

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