In the fight against climate change, investors and capital providers can unite their resources on a single platform, and this platform can invest in several projects, Singapore's Ambassador for Climate Action Ravi Menon said at the "COP29 Business, Investment and Philanthropy Climate Platform" held in Baku Thursday, Report informs.
"If we want to achieve great results in fighting climate change, we must make this happen. Concessions must be deepened. We must implement the green transition," Menon noted.
The ambassador recalled that COP29 focuses on climate finance: "The main issue is how to manage the funds promised by developed countries. The effectiveness of projects to be funded in combating climate change is the point that we should focus on."