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The United Arab Emirates will bring together country representatives and leaders from global financial institutions at a special meeting in June in a bid to scale up finance commitments at this year’s round of climate talks.
The idea is to pave the way for a dramatic acceleration of climate finance for developing countries at COP29 in Baku, Azberbaijan. The new goal, designed to replace the current target of $100 billion a year, is seen as the primary outcome for the summit, and will require vast amounts of private capital as well as…