The high-level diplomatic push for climate action shifted southward on Tuesday as G20 leaders met in Rio, backing the scaling up of climate finance.
A previous goal of $100 billion per year, which expires in 2025, was met two years late in 2022.
UN Secretary-General António Guterres urged nations to increase contributions to a fund supporting developing countries impacted by climate change on Tuesday.
The UN chief urged world leaders to take steps to cut emissions in response to the “masterclass in climate destruction” that the world witnessed in 2024.
Mrs Okonjo-Iweala said that policy coordination would prevent trade tensions and restrictions from slowing or stopping the pursuit of climate goals.
“We cannot leave Baku without a substantial outcome,” he said, challenging delegates to “stand and deliver.”
Representatives from almost 200 states are attending the summit, known as COP29, in Azerbaijan’s capital, Baku, which got underway on Monday.
A global expert in Climate Governance and Policy has called on global leaders to make COP29 a decisive moment for global climate action.
