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Reuters
Reuters
Business
By Aidan Lewis and Simon Jessop

COP27 host Egypt aims to share climate finance model

Egypt Cop27 Mashat
FILE PHOTO: Egyptian Minister for International Cooperation, Rania al-Mashat speaks during an interview with Reuters in Cairo, Egypt January 24, 2021. Picture taken January 24, 2021. REUTERS/Sherif Fahmy

COP27 host Egypt has secured nearly $10 billion in funding in ways it hopes can provide a template for other developing nations to obtain climate-related finance, its international cooperation minister said.

Finance is one of the most contentious issues at climate negotiations as poorer countries demand rich nations pay a larger share of the cost of dealing with a warmer planet.

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