COP28 boss ramps up finance push

• Bolstering funds from wealthy nations, the private sector, and multilateral development banks (MDBs) is a key theme going into the late 2023 UN summit.

Driving the news: Al-Jaber disclosed the planned event in Dubai next week during remarks Thursday to Caribbean nation leaders in Barbados.

• He's hosting next week's two-day talks with prominent economists Vera Songwe and Nicholas Stern, who lead a group called the Independent High-Level Expert Group on Climate Finance.

The big picture: Al-Jaber stressed adaptation finance in his remarks to nations highly vulnerable to climate change.

• "This region knows only too well the human and economic costs of too little finance for climate adaptation and resilience," he said Thursday.
• Al-Jaber called for a doubling of adaptation finance by 2025.

Catch up fast: Barbados Prime Minister Mia Mottley is leading a major push for greater MDB finance, and on more favorable terms — an effort al-Jaber name-checked in his remarks.