Financial reform will decide the global • Table.Briefings

At COP27, the loss and damage fund was adopted. Details will be clarified this year

Global climate action, adaptation and the repair of climate damage requires a lot of money. A reform of the global financial structure is intended to mobilize the financial resources. The upcoming annual meeting of the World Bank and IMF will discuss this, but different interests are involved.

The debate on the restructuring of the World Bank and the International Monetary Fund (IMF) is the most important juncture in global climate policy in 2023. A different direction for the global financial institutions could have far-reaching consequences. It could:

Financial reform will decide the global climate

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