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COP29 Climate Summit: The Urgent Need for Equitable Climate Financing

November 25, 2024November 25, 2024 - by Carmen Mendez - Leave a Comment

The COP29 climate summit in Baku reveals ongoing tensions over establishing a New Collective Quantified Goal for climate finance. Developed nations propose raising climate finance to $300 billion, while developing …

Climate change

COP29: Developed Nations Commit $300 Billion for Climate Financing Amid Criticism

November 24, 2024November 24, 2024 - by Carmen Mendez - Leave a Comment

At COP29 in Baku, developed nations pledged $300 billion annually for climate funding, aiming to raise this to $1.3 trillion by 2035. However, this commitment faced criticism from developing countries …