World-leading economies race to close climate financing target

Members of Endorois Women's Community based Organization applies a concoction of ashes and herbs to a maize plantation to counteract armyworms and pests at their farm at Kabasis village near Lake Bogoria in Baringo county on August 9, 2023. [Kipsang Joseph, Standard]

World-leading economies are rolling up their sleeves to achieve a Sh345.6 trillion ($2.4 trillion) annual investment by 2030 in a bid to address the climate crisis.

A two-day meeting of world-leading economists and finance leaders convened by the COP28 Presidency has delivered consensus on the key next steps needed to establish a new framework for international climate finance and to drive progress at COP28 and beyond to COP30.