UNDP calls for accelerated green investment ahead of Istanbul pre-COP31 summit
Source Summary
The United Nations Development Programme urged faster green investment during a pre-COP31 summit in Istanbul, stating that capital and technology are available but financing barriers impede climate projects in developing countries. UNDP officials highlighted that structural obstacles to accessing climate finance remain a key constraint on climate action in the Global South.
Why it matters
Financing barriers to climate projects directly affect the ability of developing nations to implement emissions reductions and adaptation measures required under international climate agreements.
