Summary
Stiell urges G20 to support climate finance with grants, loans, and debt relief
Business groups also call for policies supporting shift from fossil fuels to clean energy
Negotiators at COP29 struggle to reach agreement on finance target
BAKU, Nov 16 (Reuters) – The U.N.’s climate chief called on leaders of the world’s biggest economies on Saturday to send a signal of support for global climate finance efforts when they meet in Rio de Janeiro next week, to help trigger a deal at COP29 talks.
The plea, made in a letter to G20 leaders from top U.N. climate official Simon Stiell, comes as negotiators at the COP29 conference in Baku struggle for a deal intended to scale up money to address the worsening impacts of global warming.