Time ‘rapidly running out’ on COP29 climate finance deal: Guilbeault

minister was critical of Azerbaijani leadership at the United Nations climate summit as tense negotiations on a new finance deal came down to the wire.

Several independent experts have suggested developing countries may need upwards of $1 trillion to help them transition away from fossil fuels, adapt to expected climate effects and pay for damages already caused by extreme weather.On Thursday, Guilbeault said Canada “certainly doesn’t debate that we need to get to something around $1 trillion by 2030.”“The question is how. It’s not going to be all public money. It’s not happening,” he said in an interview Thursday evening.

Guilbeault said that fixating on a dollar figure cannot come at the expense of making that money more transparent and more accessible to developing countries.Trump picks Pam Bondi for U.S. attorney general after Matt Gaetz withdraws

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