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Senegal seals $2.7 billion green energy deal with richer nations

Senegal seals $2.7 billion green energy deal with richer nations

SENEGAL struck a deal with wealthier countries that will see it get an initial 2.5 billion euros ($2.74 billion) in finance to develop renewable energy and speed up its transition to a low-carbon economy. The Senegal Just Energy Transition Partnership (JETP), backed by France, Germany, the European Union, the United Kingdom and Canada, comes as richer countries are urged to do more to help poorer peers in the fight against climate change. The money will be used to help Senegal achieve its target of 40% of installed capacity from renewable energies by 2030, and a draft investment plan will be…
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UN faces $100 trln shortfall in fight against climate change, inequality – report

UN faces $100 trln shortfall in fight against climate change, inequality – report

SIMON JESSOP  GLOBAL goals tackling poverty, inequality, injustice and climate change face a $100 trillion funding shortfall and are likely to be missed unless 10% of global economic output is directed to the U.N. targets every year to 2030, a report on Friday said. The U.N.'s Sustainable Development Goals set targets on everything from the environment to health and equality and have the support of all member states, yet the supply of finance from governments, investors, banks and companies to help meet them has consistently fallen short. Hampered by the impact of the coronavirus pandemic, the annual shortfall is now…
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