COP25: $300b for Climate Finance: Take it or Leave it!

November 24, 2024 Sophie Mbugua Comments Off

by Sophie Mbugua, Baku, Azerbaijan: After tense negotiations, deadlock, and near collapse, the 29th Climate Summit (COP29) successfully bulldozed a $300 billion annual new climate finance goal in the early hours of Sunday morning. Malawian Evans Njewa, the current chair of the Least Developed Countries (LDC) Group, in a statement called it “not just a…

COP29: USD1.3 climate finance for poor countries, but is it enough?

November 15, 2024 Sophie Mbugua Comments Off

by Sophie Mbugua,Baku, Azerbaijan: Developing countries at the ongoing 29th UN Climate Summit (COP29) taking place in Baku, Azerbaijan say they need an ambitious New Collective Quantified Goal on Finance (NCQG) of at least USD 1.3 trillion per year. They have called on the new goal to provide a significant provision component for adaptation, mitigation,…

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COP25: $300b for Climate Finance: Take it or Leave it!

COP29: USD1.3 climate finance for poor countries, but is it enough?

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