Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

U.S. calls on COP26 to expand pool of money for adaptation finance

Published 11/12/2021, 09:21 AM
Updated 11/12/2021, 09:26 AM
© Reuters. U.S. climate envoy John Kerry gestures as he speaks during a joint China and US statement on a declaration enhancing climate action, at the COP26 climate conference in Glasgow, Britain November 10, 2021. Jeff J Mitchell/Pool via REUTERS

GLASGOW (Reuters) - U.S. climate envoy John Kerry called on the United Nations climate summit on Friday to make sure the language covering mitigation and the end of fossil fuel subsidies was not changed and to expand on adaptation finance.

"We are strongly supportive of adaption finance. In the spirit of compromise, we will go along with the approach of doubling but we have a couple of important edits that we think make the text, in fact, stronger, more acceptable and more effective," Kerry told the summit in Glasgow.

"It doesn't make sense to limit where you can bring the money from ... Don't limit the pool from where we can draw the money, that doesn't make sense."

Latest comments

Seems like climate change conversation is more about money than the planet...
And people wonder how career politicians end up millionaires.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.