news
Summary
- Climate diplomats struggled over who should provide funding to tackle climate change globally
- Negotiations at COP29 in Azerbaijan will focus on a new global climate-finance goal post-2025
- Disputes over climate finance remain unresolved and progress has been slow
- Developed countries fell short on the $100bn annual target for climate finance
- Developing countries insist on financial support to meet their climate targets
Key quote:
- Last year’s UN climate talks in Dubai secured the first-ever COP agreement to curb fossil fuels. Yet many delegates in Bonn were frustrated that negotiations were still not reckoning with the need to ramp up global climate ambition.
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Read the full post at Carbon Brief.
