Businesses in the private sector must stump up cash for the developing world to invest in a low-carbon economy or face the consequences of climate breakdown, the president of the UN climate summit has said.
Mukhtar Babayev, the environment minister of Azerbaijan, the host of this year’s climate conference, wrote in Monday’s Guardian: “The onus cannot fall entirely on government purses. Unleashing private finance for developing countries’ transition has long been an ambition of climate talks.
