COP29 climate finance draft proposes $250 bln target from wealthy countries

COP29 climate finance draft proposes 0 bln target from wealthy countries

The COP29 presidency on Friday released a new draft climate finance deal that would have developed nations take the lead in providing $250 billion per year by 2035. The draft also set a broader goal to raise $1.3 trillion annually by 2035, which would include funding from all public and private sources, according to the … Read more

COP29 week one ends in deadlock as divisions stall climate action progress

COP29 week one ends in deadlock as divisions stall climate action progress

People hold placards during a protest against the United Nations Climate Change Conference (COP29) in Baku, in London, Britain, November 16, 2024. | Photo Credit: Reuters The first week of the COP29 summit concluded in Baku without significant breakthroughs, as deep divisions between developed and developing nations stalled progress on key issues like climate finance, … Read more