Time ‘rapidly running out’ on COP29 climate finance deal: Guilbeault

minister was critical of Azerbaijani leadership at the United Nations climate summit as tense negotiations on a new finance deal came down to the wire.

Several independent experts have suggested developing countries may need upwards of $1 trillion to help them transition away from fossil fuels, adapt to expected climate effects and pay for damages already caused by extreme weather.On Thursday, Guilbeault said Canada “certainly doesn’t debate that we need to get to something around $1 trillion by 2030.”“The question is how. It’s not going to be all public money. It’s not happening,” he said in an interview Thursday evening.

Guilbeault said that fixating on a dollar figure cannot come at the expense of making that money more transparent and more accessible to developing countries.Trump picks Pam Bondi for U.S. attorney general after Matt Gaetz withdraws

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Uncertainty hangs over COP29 as tense climate finance negotiations down to the wireCanada's environment and climate change minister was critical of Azerbaijani leadership at the United Nations climate summit as tense negotiations on a new finance deal came down to the wire.
Source: SooToday - 🏆 8. / 85 Read more »

COP29 climate summit host Azerbaijan lashes out at West in defense of oil and gas industryAzerbaijani President Ilham Aliyev used a keynote speech on Tuesday to say his country’s oil and gas industry had been the victim of a ‘well-orchestrated campaign of slander and blackmail’
Source: globeandmail - 🏆 5. / 92 Read more »

Uncertainty hangs over COP29 as tense climate finance negotiations down to the wireCanada's environment and climate change minister was critical of Azerbaijani leadership at the United Nations climate summit as tense negotiations on a new finance deal came down to the wire.
Source: PGCitizen - 🏆 65. / 51 Read more »

As COP29 starts, what is Canada’s role in climate finance negotiations?This year's international climate talks are expected to be headlined by fraught negotiations over how wealthy countries should compensate other nations in the climate change fight.
Source: GlobalCalgary - 🏆 50. / 61 Read more »