Global support imperative for low-, middle-income countries for transition to low-carbon, strong growth ...Qatar

Investing an average of 1.4% of GDP annually could reduce emissions in developing countries by as much as 70% by 2050 and boost resilience, World Bank said following a study of more than 20 countries that account for 34% of the world’s greenhouse gas (GHG) emissions. Investment needs are markedly higher in lower-income countries, which are more vulnerable to climate risk, often exceeding 5% of GDP, World Bank said in its recent report entitled ‘The analysis, Climate and Development: An Agenda for Action.’ These countries will need increased amounts of concessional finance and grants to manage climate change impacts and develop along a low-carbon path. The report draws from the richness of t

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Global support imperative for low-, middle-income countries for transition to low-carbon, strong growth ...Qatar

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