COP29 reaches $1.3tn climate finance deal

Australia will contribute significant funding alongside the EU and US after COP29 delegates reached a deal where developed countries will commit $300bn of climate finance to developing countries.

Australian Minister for Climate Change and Energy Chris Bowen at the UNFCCC COP29 Climate Conference on November 21, 2024. Picture: Sean Gallup/Getty Images The $300 billion per year commitment from wealthy countries will help support climate adaptation and mitigation efforts in vulnerable nations, particularly Small Island Developing States and Least Developed Countries .

Australia, alongside Canada, argued the language in the deal about reducing global fossil fuels was too weak.Despite the strong objections, UN Climate Chief Simon Stiell defended the deal, calling it an “insurance policy” for humanity.

ایران آخرین اخبار, ایران سرفصلها

Similar News:همچنین می توانید اخبار مشابهی را که از منابع خبری دیگر جمع آوری کرده ایم، بخوانید.

Cop29 agrees $1.3tn climate finance deal but campaigners brand it a ‘betrayal’Deep divisions remain after high-stakes talks end with agreement to help developing world shift to low-carbon economy
منبع: GuardianAus - 🏆 1. / 98 ادامه مطلب »

Cop29: $250bn climate finance offer from rich world an insult, critics sayDraft text under fire as poor nations wanted more of the money to come directly from developed countries
منبع: GuardianAus - 🏆 1. / 98 ادامه مطلب »