COP29 concludes with climate finance deal
The UN climate conference in Baku, Azerbaijan, concluded on 24 November with an agreement calling on developed countries to deliver at least $300 billion per year to developing countries by 2035 to drastically reduce greenhouse gas emissions and protect lives and livelihoods from the worsening impacts of climate change. “I had hoped for a more ambitious outcome – on both finance and mitigation – to meet the great challenge we face,” UN Secretary-General António Guterres said in his statement on COP29. “But this agreement provides a base on which to build.”
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