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COP29 Concludes in Overtime with $300 Billion Climate Finance Goal

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COP29,Climate Change,Climate Finance

The United Nations Climate Change Conference COP29 concluded with late-night negotiations, introducing a new finance goal of $300 billion by 2035. The session faced drama and controversy, with some delegations exiting in protest over insufficient mitigation measures.

COP29 concluded at 5:31 a.m. on Sunday, significantly later than its scheduled end on Friday evening. The conference, dubbed the 'Finance COP', introduced a new finance goal of $300 billion by 2035. However, the process was marred by dramatic late-night negotiations and the unexpected exit of the Alliance of Small Island States (AOSIS) and the Least Developed Countries (LDCs) late on Saturday evening. They cited dissatisfaction with the lack of progressive steps in mitigation and funding.

The marathon session did not facilitate their demands and concluded with the adoption of the $300 billion climate finance goal

हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

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Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।

COP29 clinches $300 billion climate finance dealThe new goal is intended to replace developed countries' previous commitment to provide $100 billion per year in climate finance for poorer nations by 2020
स्रोत: rapplerdotcom - 🏆 4. / 86 और पढो »

COP29 clinches $300 billion climate finance dealLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
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