GANDHINAGAR, India (Reuters) – Additional spending of around $3 trillion each year by 2030 would be required towards incremental investments in climate action and for meeting other sustainable development goals, a G20 panel said in a report, reviewed by Reuters, on Tuesday.
The independent panel, headed by economists Lawrence Summers and N.K. Singh, was commissioned by the Group of 20 nations to propose reforms for multilateral development banks with a focus on increasing funding for sustainable developments goals and climate change, among others.
(Reporting by Aftab Ahmed and Shivangi Acharya; writing by Swati Bhat; Editing by Sudipto Ganguly)
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