Exclusive-Top development banks at COP28 vow to up climate game, quiet on fossil fuels - document


Delegates walk at Dubai's Expo City during the United Nations Climate Change Conference (COP28), in Dubai, United Arab Emirates, December 2, 2023. REUTERS/Thaier Al-Sudani

DUBAI (Reuters) - Ten of the world's top development banks pledged to step up their climate efforts at the COP28 summit, yet failed to say anything about halting financing for fossil fuel projects, a document seen by Reuters showed.

In a statement to be announced at the event in Dubai, the group, including the World Bank and regional peers, said the window of opportunity to secure a liveable planet was "rapidly closing".

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Dolly Parton, queen of country music, dies at 80
U.S. stocks close higher
Risk of falling behind on AI most profound in developing economies: IMF chief
Crude futures settle lower
Syria's Kurdish-led SDF dissolves as part of integration with Damascus
U.S. dollar ticks down
At least 50 children killed in diphtheria outbreak in northwest Nigeria
Feature: Despite hardships, West Bank refugee camp children find hope with Chinese support
Unpaid work in Cabo Verde estimated at 9.6 pct of GDP
Ghanaian expert urges Africa to partner with China for cheaper energy development

Others Also Read