EXPLAINER: Why are countries fighting over climate finance at COP29?

  • 📰 rapplerdotcom
  • ⏱ Reading Time:
  • 42 sec. here
  • 10 min. at publisher
  • 📊 Quality Score:
  • News: 48%
  • Publisher: 86%

COP29 Notícia

Azerbaijan,Climate Change,Environmental Issues

By most estimates, developing countries need more than $1 trillion per year to meet their climate goals and protect their societies from extreme weather

This is AI generated summarization, which may have errors. For context, always refer to the full article.

Countries are negotiating a higher target for payments starting next year, but some have been reluctant to confirm its size until it is clear which countries will contribute. The US provided nearly $10 billion in international climate finance last year, less than the European Union’s $31 billion contribution.

While China is already investing hundreds of billions of dollars in electric vehicles and renewable energy abroad, it does so on its own terms.Developing countries say the specific amount needed to tackle climate change should be the starting point for negotiations to ensure the final target adequately covers their needs.

The rich countries expected to provide the money have not specified a target sum, though the US and the EU have agreed it must be more than the previous $100 billion target.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 4. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

COP29: Host nation Azerbaijan hits out at West in defense of oil and gas industryAzerbaijani President Ilham Aliyev singles out the United States, the world's largest historic carbon emitter, and the European Union for particular criticism
Fonte: rapplerdotcom - 🏆 4. / 86 Consulte Mais informação »