Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.UNFCCC Executive Secretary Simon Stiell speaks during the opening ceremony of the UNFCCC COP29 Climate Conference on November 11, 2024 in Baku, Azerbaijan.
Stiell told the 29th United Nations climate change conference in Baku, Azerbaijan, that “if at least two thirds of the world’s nations cannot afford to cut emissions quickly, then every nation pays a brutal price”.have set an ambitious target of $1.3 trillion a year that wealthy nations — who are also heavy polluters — must offer developing countries from next year. This replaces the previous commitment of $100 billion annually, which was only realised once in 2022.
“Adaptation and climate finance remain top AGN priorities heading into COP29 … The NCQG must respond to the evolving needs of developing countries, particularly in addressing the high cost of capital and debt sustainability issues we face,” AGN chair Mohammed Ali told a pre-COP event.— which is expected to shape discussions on adaptation finance at the conference — stated that African countries are not receiving the financial aid the continent needs.