Initiative 20×20 members urge greater access to climate funds, private finance for land restoration

National forest restoration and conservation projects need more financing to aid transformation to a low carbon economy in Latin America and the Caribbean, agreed eight government ministers attending a conference in Lima, Peru.

Financing should be pulled from multilateral climate funds established at U.N. climate talks in 2009 to jointly mobilize $100 billion a year to help developing countries fight climate change, they said.

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