Cop28 president urges donor countries to fulfil 100billion dollar climate finance pledge

Innovative Finance For Climate Development Round Table discussions at COP27. [Courtesy]

COP28 President-Designate Dr Sultan Al Jaber has urged donor countries to progress and provide assurances of delivering the USD100 billion climate finance commitment this year, ahead of COP28.

The USD100 billion climate finance commitment was initially set as a target by developed countries at the 2009 United Nations Climate Change Conference in Copenhagen. It aimed to mobilise financial resources from both public and private sources to assist developing nations in their climate change mitigation and adaptation efforts.