Governments at Paris summit to finalise climate finance roadmap

Almost 40 leaders to present plans for overhaul of public financial institutions including World Bank

Questions over a tax on global shipping and other big sources of greenhouse gas emissions, and how countries should go about setting up a loss and damage fund continue to be the subject of fierce discussion, as governments meet in Paris to prepare an overhaul of global development and climate finance.

On Friday morning nearly 40 heads of state and government and a similar number of ministers and high-level representatives will finalise a roadmap for the reform of the world’s public finance institutions, including the World Bank, and of overseas aid and climate finance.