The world's top multilateral banks pledged to ramp up climate finance to low and middle income countries to $120 billion a year by 2030 as part of efforts at global talks in Azerbaijan on Tuesday to agree an ambitious annual target.

Development Lenders Set New Climate Finance Target for Poorer Countries By Simon Jessop and Virginia Furness BAKU (Reuters) - The world's top multilateral banks pledged on Tuesday to ramp up climate finance to low and middle income countries to $120 ...

Among other things, developing countries have said that the quantum of the fund should be around $1.3 trillion a year, the mobilisation goal should be from developed to developing countries

The world's top multilateral banks pledged to ramp up climate finance to low and middle income countries to $120 billion a year by 2030 as part of efforts at global talks in Azerbaijan on Tuesday to agree an ambitious annual target.

The world’s largest multilateral development banks announced a new goal on Tuesday at the COP29 talks in Azerbaijan to raise $120 billion in annual climate finance for developing nations by the end of the decade.