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Industrialized countries: How climate finance brings economic benefits

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Published: November 22nd, 2024,
Last updated: February 12th, 2025

A Shell facility in the port of Rotterdam. Climate financing should focus primarily on phasing out fossil fuels, recommends a study by London’s Imperial College.

„An ambitious new climate finance target is entirely in the self-interest of all nations, including the largest and richest.“ This statement by UNFCCC Executive Secretary Simon Stiell is confirmed by a new study by Imperial College London. It concludes that it is „not only fair, but also in the economic interest of industrialized countries“ to provide climate finance on a large scale to developing countries.

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