COP29’s Half-job: Early Finance Essential to Empower Islands as Climate Leaders
The main product of COP29, the New Collective Quantified Goal on Climate Finance (NCQG), sets a goal of at least USD 300 billion per year by 2035 for developing countries’ climate action. Tripling the previous USD 100 billion annual budget, this represents the largest-ever monetary commitment produced by UN climate conferences. It was reached amidst …
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