COP29 to Shape the Future of Climate Finance

Policymakers are descending on Baku for COP29 to mobilise finance to support climate action in developing countries and London is leading those efforts, says Chris Hayward Hundreds of ministers, policymakers and financiers descending on Baku this month for COP29 will be met by an in-tray of crucial climate policy decisions.

7 trillion of investment is required between 2021 and 2035 to meet the nation's net zero commitments The world is still recovering from the economic shocks of Covid, the Ukraine war and subsequent high inflation. It is clear that government coffers alone will not be sufficient to fund the action needed to reach net zero. Private sector must be centre stage.

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FT News Briefing: Finance Bosses Skip COP29, EU Market Stalemate and Boeing StrikesFinancial titans are increasingly shunning the COP29 climate summit, while Spain proposes a novel solution to bridge the EU's capital markets gap. Plus, activist investor Starboard Value acquires a significant stake in struggling pharmaceutical giant Pfizer, and machinists' strikes pose a challenge to Boeing's recovery.
Source: FT - 🏆 113. / 51 Read more »