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Still no number for new climate finance goal as COP29 reaches final hours

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COP29 News

Azerbaijan,Climate Change,Environmental Issues

'Anything short of trillions of dollars in public finance as part of the new global finance goal is a bad deal for the most vulnerable communities,' says Aksyon Klima Pilipinas national coordinator John Leo Algo

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The text, which arrived several hours behind schedule, showed a disparity between what the poor and rich nations want. There are two options in the current text: a “climate finance of at least trillion of dollars annually,” and a climate finance of “USD trillion per year, by 2035.” “This is the reason we are here, identifying a quantified goal, but we are no closer and we need the developed countries to urgently engage on this matter,” Mohamed said in a post.

 

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