Nigel Topping, the UN's High-Level Champion for Climate Change for COP26, shares his views on where climate action is succeeding with the World Economic Forum and how the private sector needs to play a bigger role in the fight against climate change. Q&A: How COP26's UN High-level Champion sees the world's climate progress so far
About $2 trillion a year more is needed in emerging and developing economies, excluding China, to confront climate change effectively
- 70% of that needs to come from the private sector
- Huge need for investment in smallholder farmers, small- and medium-size enterprises (SMEs)
- Investment from multinational partners, but also crucially from participants in the value chain and local companies
Why are countries poor?
- The reason countries are poor is usually because their kleptocrat leaders keep stealing all the cash.
- Cash handouts rarely help the recipients unless you mean the personal bank accounts of the corrupt elites who usually run those poor countries which keep demanding handouts.
https://wattsupwiththat.com/2022/11/07/un-2-trillion-per-year-required-for-climate-development/
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