Fragile countries make $20 billion climate finance push at COP29, letter says

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Countries mired in conflict and its aftermath say they have struggled to access private investment, as they are seen as too risky. That means UN funds are even more critical to their populations, many of whom have been displaced by war and weather. Burundi, Chad, Iraq, Sierra Leone, Somalia, Timor-Leste and Yemen have already joined the initiative, but all 20 members of the g7+ have been invited.

While 45 of the world’s least developed countries have their own UN negotiating group, which includes some of the g7+ countries, conflict-affected states face distinct struggles, advocates said.

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COP29 countries endorse global carbon market frameworkThe early deal could allow a UN-backed global carbon market, which has been years in the making, to start up as soon as 2025
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EXPLAINER: Why are countries fighting over climate finance at COP29?By most estimates, developing countries need more than $1 trillion per year to meet their climate goals and protect their societies from extreme weather
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