COP29 Falls Short on Finance
03 December 2024, 08:15
LONDON, Dec 02 (IPS) - COP29, the latest annual climate summit, had one job: to strike a deal to provide the money needed to respond to climate change. It failed.
This was the first climate summit dedicated to finance. Global south countries estimate they need a combined US$1.3 trillion a year to transition to low-carbon economies and adapt to the impacts of climate change. But the last-minute offer made by global north states was for only US$300 billion a year.
Read the full story, “COP29 Falls Short on Finance”, on globalissues.org →
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Global Issues News Headlines
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