EMEA > Europe > COP29: Baku closes with frustration over new $300 bln climate finance goal, omission of fossil fuels

COP29: Baku closes with frustration over new $300 bln climate finance goal, omission of fossil fuels

Published 23:15 on November 23, 2024 / Last updated at 10:06 on November 24, 2024 / , , , , , , , and / Americas, Asia Pacific, EMEA (Europe), International (UN Climate Talks)

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Wealthy countries will aim to shore up $300 billion per year of climate finance by 2035, as the core part of a global annual economy-wide target of $1.3 trillion, under a contentious agreement struck early Sunday morning at the close of COP29.
Wealthy countries will aim to shore up $300 billion per year of climate finance by 2035, as the core part of a global annual economy-wide target of $1.3 trillion, under a contentious agreement struck early Sunday morning at the close of COP29.


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