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Climate finance revamp required for low-carbon transition

While progress is being made in the world’s mission to preserve the climate, a big boost in annual finance and improved standards are necessary to stay on track. Philippa Nuttall reports.
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Climate finance revamp required for low-carbon transitionImage: Getty Images

More transition finance and an increase in standards and consistency will help generate the considerable amounts of cash necessary to finance a rapid shift away from fossil fuels and towards a low-carbon economy.

That was the message from Daniel Stevens, a senior partner with McKinsey in Washington, on November 29.

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