Arab Coordination Group pledges at least $24 billion by 2030 to curb climate change at COP27

MoneyEgypt NewsFinancial Institutions
By Amwal Al Ghad English
Arab Coordination Group
Arab Coordination Group commits up to $24 billion by 2030 to curb climate change during the COP27 summit in Sharm El-Sharm El-Sheikh on Wednesday, November 9, 2022

Members of the Arab Coordination Group (AGC) announced on Wednesday its pledge to provide at least $24 billion in financing by 2030 to address the global climate crisis.

This commitment, made at the COP27 climate summit in Egypt, came as part of a joint “Call for Climate Action for Equitable Development.”
The AGC is a strategic alliance that provides a coordinated response to development finance and includes various regional financial development institutions, as well as the Opec Fund for International Development (OFID).

 

Leave a comment