Climate Facts: Switching to clean economy can raise $2.8trn through carbon price revenues, says UN

September 13

21:47 2023

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The complexities of climate change and its associated jargons can be difficult to understand.

TheCable’s quick climate facts will help demystify these concepts through easy-to-understand and straightforward explanations.

Here are some to keep at the tip of your fingers:

The United Nations says climate adaptation share of total public finance was only 21 percent in 2020.
Adaptation costs for developing countries may be in the range of $140 billion to $300 billion per year by 2030, the organisation said.
In the Group of 20 countries, $250 billion has been directed to fossil fuels as opposed to only $146 billion to clean energy, according to the UN.
The UN said switching to a clean economy could raise $2.8 trillion through carbon price revenues and the redirection of fossil fuel subsidies to public investments.
According to the UN, over 160 firms with $70 trillion in assets have joined forces to steer the global economy towards net-zero emissions.