The COP29 Climate Summit concluded with bold financial pledges, a carbon market breakthrough, and clean energy milestones. Yet, deep divisions persist as rich nations shift responsibility, leaving vulnerable countries waiting for urgent aid. With Brazil hosting COP30, can the promises turn into action? Source link
While it is centred on negotiation, the first week of COP29 has concluded without any significant progress on climate finance, especially negotiations about a new climate finance goal due to concerns about equitable responsibility for climate action. What is climate finance? Simply put, climate finance refers to financial resources and instruments that are used to…
India voiced strong concerns regarding developed nations’ reluctance to engage meaningfully in discussions about supporting climate initiatives in developing countries at the COP29 conference in Baku while highlighting that addressing climate change requires substantial financial and technological assistance.India, during the Mitigation Work Programme’s closing plenary on Saturday, highlighted how developed nations, despite their historical responsibility…