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World News October 11, 2024

Study shows lack of funds limits climate efforts in lower-income nations

A study by the University of Melbourne found that low- and middle-income countries struggle to adapt to climate change due to a lack of funding. Current metrics used by investors to assess emissions in government lending are steering private climate investment away from these nations. These countries, with lower GDPs and reliance on emissions-heavy industries, fare worse than wealthy nations, making it harder to secure funds. The study urges investors to develop new, fairer metrics to support countries in need of climate finance.

Source : CGTN

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