The World Bank today approved three loans totalling $1.16 billion to help Bangladesh improve health services, boost water and sanitation services and achieve greener and climate-resilient development, it said in a statement.
The target for 2035 would see emissions slashed by 45 to 50 percent from 2005 levels, on its way to net-zero by mid-century.
The new benchmark affirmed by the Copernicus Climate Change Service caps a year in which countries rich and poor were hammered by disasters that scientists have linked to humanity's role in Earth's rapid warming.
The hearings begin a week after developing nations denounced as woefully inadequate an agreement reached at the COP29 summit for countries to provide $300 billion in annual climate finance by 2035 to help poorer nations cope with climate change.
New South Wales police said 170 protesters were arrested on Sunday for refusing to move from the shipping channel near the Port of Newcastle.
Nearly 200 nations approved Sunday a climate deal that raises to at least $300 billion a year the amount wealthy historic polluters pay poorer countries to take action against global warming
"The proposed decision to allocate USD 250 billion per year for all developing countries is shockingly insufficient," said the adviser
COP29 draft deal says rich nations should pay the amount to fight climate change
Says MFJ executive director at a meeting at the sideline of COP29 summit in Baku
Developing countries, excluding China, will need $1 trillion a year by 2030 in outside help to reduce their carbon footprint and adapt to a warming planet, according to UN-commissioned experts.
Says the fund is needed for the survival of the most vulnerable countries
Despite significant potential for rooftop solar energy, Bangladesh has lagged behind in development, while Vietnam has emerged as a regional leader in the sector
"I think that's very humiliating, for nations to come and ask for money to fix... (the) problem that others caused for them," Yunus told AFP in an interview in Azerbaijan
Planet-warming carbon dioxide emissions from oil, gas and coal rose to a new record high this year, according to preliminary research Wednesday that found no sign the world was moving away from fossil fuels
Chief adviser at COP29 says most climate vulnerable countries require int'l help to meet climate goals
He made the call in Baku just after he arrived in the Azerbaijan capital to lead Bangladesh in the annual UN-led climate change summit
Global leaders to discuss how to avoid increasing threats from climate change
