A major increase in financial commitments to assist vulnerable countries in mitigating and adapting to climate impacts is the main goal of this year’s conference, which has been dubbed the “climate finance COP.”Can countries agree on a new climate finance target? The UN’s main climate science body, the Intergovernmental Panel on Climate Change (IPCC) has issued increasingly dire warnings about the accelerating pace of global warming. Climate action is not optional, it’s an imperative.”Mr. Stiell echoed this sentiment: “Let’s dispense with the idea that climate finance is charity. Around the clock negotiations are underway at COP29 in Baku, Azerbaijan, on a new global climate finance deal. Around the clock negotiations are underway at COP29 in Baku, Azerbaijan, on a new global climate finance deal.

Source: Daily Nation November 16, 2024 13:23 UTC