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MANILA, Philippines – The United Nations’ climate chief opened the 29th Conference of Parties in Baku, Azerbaijan with an impassioned plea to dispel the notion that climate finance is charity. “As we mobilize climate finance, we allow for high ambitions,” said Babayev during the opening ceremony. “And as we signal to higher ambitions, we build trust to unlock greater financial commitments.”
During the two-week climate summit, parties are expected to hammer out the details of the climate fund target which is expected to reach trillions. There is also clamor to expand the donor base for the fund.
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