G20 Leaders Urge COP29 Delegates to Deliver Ambitious Finance Goal

In a powerful statement, United Nations Framework Convention on Climate Change (UNFCCC), Simon Stiell, emphasized the urgent need for a successful finance goal at COP29, stressing that G20 leaders have sent a clear message to their negotiators: "Do not leave Baku without a successful new finance goal".

This directive underscores the importance of global cooperation in addressing the climate crisis.

Stiell highlighted that leaders of the world's largest economies have committed to driving financial reforms to support strong climate action, making it accessible to all countries.

This commitment is crucial in a world facing debt crises, climate impacts, and economic instability.

The G20 leaders' statement reinforces the need for swift action, urging nations to move beyond posturing and find common ground on all issues. With the world watching, COP29 delegates must deliver on the promise of a successful finance goal.

As negotiations unfold in Baku, the focus will remain on securing a robust finance goal, with estimates suggesting a need for $1 trillion to $1.3 trillion in climate finance.

The European Union is expected to propose a figure in the $200-300 billion range, while experts emphasize the importance of grants, loans, and private investment in achieving this goal.

Comments

Ghana Home Loans

With interest rates declining, a more liquid environment and a macroeconomic stability, mortgage financing is expected to see an ease of credit. And Ghana Home Loans being a leader in this industry is expected to lead the way. Ghana Home Loans (GHL), a leader in home mortgage, continues to be the frontier in fulfilling dreams of many Ghanaians in homeownership. Since starting business in 2006, it has also provided many existing homeowners with Equity Release mortgages to support their businesses, pay educational fees, improve their properties, or simply pursue other personal hobbies and interests. Ghana Home Loans is a mortgage finance institution which operates under Bank of Ghana’s supervision as a non-bank financial institution. At present, the Company remains the only such institution that focuses exclusively on the provision of mortgage product. Through the Home Completion mortgage and Home Construction mortgage products, Ghana Home Loans has enabled many qualified applican

COP29: EU-Africa Chamber of Commerce to host a panel discussion on Access to Finance & Sustainability

The EU-Africa Chamber of Commerce (EUACC) will be hosting a pivotal panel discussion at COP 29 in Baku, Azerbaijan, focusing on "Access to Finance & Sustainability: A Call to Action for Resilient Growth in Africa." This event, held at the Côte d'Ivoire Pavilion, brings together experts, investors, and policymakers to tackle financing challenges and sustainability priorities within Africa's maritime sector. The panel discussion of the EU-Africa Chamber of Commerce during the COP 29 will gather experts, investors, and policymakers to address financing challenges and sustainability priorities with a focus on Africa’s maritime sector. The discussion builds on the Ten-Point Call to Action established during the recent EUACC-led conference in Abidjan in October 2024. The commitment of the EU-Africa Chamber of Commerce is clear: contribute to address the critical challenge of access to finance. This obstacle hinders the development of infrastructure, innovation, and eve

Rana Motors celebrates 30 years of Kia Sportage in Ghana with the unveiling of 30 Unique Limited Models

In a bold milestone, Rana Motors , a leading player in the automobile industry, is marking 30 years of its flagship compact SUV , the Kia Sportage presence on the Ghanaian market with the launch of the limited special edition of the 5th Generation model. This latest edition, proudly assembled in Ghana, reflects the brand’s commitment to combining local craftsmanship with cutting-edge technology with key upgrades including acoustic laminated glass for a quieter interior and reinforced safety features like eight airbags, including rear side airbags. Speaking during a brief ceremony to unveil the 30th Anniversary of Kia Sportage in Ghana, Chief Operating Officer of Rana Motors Kassem Odaymat, described the positioning of the company as a game-changer in the automotive landscape. To mark three decades of outstanding success, Kia has equipped a new special edition of the 2024 Sportage with enhanced specification, focusing on convenience and safety while further elevating the model’s

Kofi Ahovi

Search This Blog