COP29 finance target must still deliver on trillions of dollars in debt-free commitments for meaningful climate action

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Several draft texts released early this morning in Baku are capturing the attention of civil society observers at COP29 who have been holding out to see an ambitious and fair new climate finance goal, two days before the negotiations come to a close. The new finance goal and the Mitigation Working Group texts in their current form currently fail to provide a global roadmap for alignment with a 1.

Right now, we only see cowardice and a void in leadership, ignoring the undeniable science that we can’t keep polluting our planet with dirty oil, gas and coal.The time to course correct is now – the European Union and other rich countries must stop playing poker with the planet and humankind’s future at stake. It’s time to put their cards on the table and commit real, transformative funding – no more excuses, no more delays, it’s time.”Joseph Sikulu, 350.

 

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