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COP29 Seeks Trillions in Climate Finance for Developing Nations
Baku, Thursday, 14 November 2024.
The COP29 summit in Baku focuses on securing substantial climate finance for developing countries. Negotiators agree on the need for trillions but debate persists over funding sources and allocation methods, highlighting the urgency of global climate action.
COP29 Spotlight: Funding Climate Action in Developing Nations
Baku, Thursday, 14 November 2024.
As COP29 convenes in Baku, the focus sharpens on financing climate initiatives for developing countries. With current pledges falling short, discussions aim to bridge the gap between the $700 million Loss and Damage Fund and the estimated $5.9 trillion needed over five years for climate plans in vulnerable nations.