Developing Eight nations call for $1.3trn annual climate finance by 2035

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The Developing Eight (D-8) group announced the Istanbul Initiative for Climate Action and Sustainable Development, calling for $1.3 trillion annually in climate finance for developing countries by 2035. Egypt’s Minister of Local Development and Environment highlighted the urgency of mobilizing these funds for climate resilience.

The Developing Eight (D-8) has launched the Istanbul Initiative for Climate Action and Sustainable Development and called for mobilising at least $1.3trn annually in climate finance for developing countries by 2035, Egypt’s Minister of Local Development and Environment, Manal Awad, said on Sunday. The initiative was announced through the Istanbul Declaration, adopted at the D-8 […] The post Developing Eight nations call for $1.3trn annual climate finance by 2035 first appeared on Dailynewsegypt.