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COP27

Arab Coordination Group pledges at least $24 billion to tackle climate crisis

Arab Coordination Group pledges at least $24 billion to tackle climate crisis

World leaders at the UN climate conference COP27 in Sharm el-Sheikh, Egypt, on Nov. 7, 2022. (Credit: Mohammed Salem/Reuters)

SHARM EL-SHEIKH, Egypt  Members of the Arab Coordination Group (AGC) pledged to provide at least $24 billion in financing by 2030 to address the global climate crisis, the group said in a statement on Wednesday.

The AGC is a strategic alliance that provides a coordinated response to development finance and comprises various regional development funds, as well as the OPEC Fund for International Development.

SHARM EL-SHEIKH, Egypt — Members of the Arab Coordination Group (AGC) pledged to provide at least $24 billion in financing by 2030 to address the global climate crisis, the group said in a statement on Wednesday.The AGC is a strategic alliance that provides a coordinated response to development finance and comprises various regional development funds, as well as the OPEC Fund for...