Developing Nations Require Over $1 Trillion Annually for Climate Transition
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Developing Nations Require Over $1 Trillion Annually for Climate Transition
- Former World Bank official Mari Pangestu estimates $1-$3 trillion per year is needed for developing countries to transition.
- Poorer nations struggle to reduce carbon emissions and shift to clean energy due to lack of funding.
- This issue was a major contention point at the recently concluded G20 climate ministers meeting in India.
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