Sharm El-Sheikh: As per the reports, developing countries need to work with investors, rich countries, and development banks to secure $1 trillion a year in external financing for climate action. “The world needs a breakthrough and a new roadmap on climate finance that can mobilize the $1 trillion in external finance that will be needed by 2030 for emerging markets and developing countries other than China,” said the report, commissioned by the current and previous climate summit hosts, Egypt and Britain.
