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Evening Standard
Evening Standard
Rebecca Speare-Cole

Rich nations must double climate finance from taxpayers’ money by 2030 – experts

United Nations COP Climate Change COP29 Developing Countries
Wealthy countries must ramp up climate finance to meet the Paris Agreement, experts said. (Andrew Milligan/PA) - (PA Archive)

Wealthy countries must more than double the amount of climate finance paid from taxpayers’ money annually by 2030, UN-appointed experts said.

The Independent High-Level Expert Group on Climate Finance (IHLEGCF) assessed how much money will be needed to meet the 2015 Paris Agreement goals, which aim to limit dangerous global warming.

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