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COVID-19 crisis complicates nations’ climate financing

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INT

Leaders will consider how to fund and reduce the costs of climate change with COVID-19 crisis costs still looming large

Climate change GDP risk is high regardless of income

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INT

A new study overrules past suggestions that poorer, tropical nations will lose more GDP to the impacts of climate change

Rising inequalities will increase climate change costs

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INT

Carbon emissions inequality between and within nations fuels internal and multilateral debates about climate funding

Climate change reversal technology is no magic bullet

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INT

Climate change looks set to have catastrophic effects if drastic action is not taken to reduce global carbon emissions

Pandemic response threatens climate funding shortfall

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INT

Low- and middle-income states must spend more than 1% of GDP a year on environmental protection but budgets may narrow

Many developing nations risk missing climate targets

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INT

The IEA says that energy spending needs to more than double, and to surge in developing nations, to meet climate goals

Prospects for emerging economies in 2023

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PROSPECTS 2023

Emerging market and developing economies (EMDEs) face a cocktail of crises and global tensions will curb remedial action

FDI into clean energy risks crowding out needy sectors

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INT

Global FDI rebounded to USD1.65tn in 2021, driven by strong flows to developing economies and especially to clean energy

High food costs will strain households well into 2024

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INT

The UNFAO global food price index has fallen for 17 months but food prices remain far higher than 2013-20

Little scope for much-needed rise in budget spending

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INT

High demands on increasingly strained public budgets are fuelling fiscal sustainability fears and bond market sell-offs