Climate finance: Why new donors wouldn&# • Table.Briefings

Minister Baerbock calls for new donor states to participate in the new climate finance target.

Expanding the donor base for climate finance to include countries such as Saudi Arabia, China and South Korea is considered one of the biggest points of conflict at COP29. However, several calculations show that new donor countries would not increase the climate finance budget too much. Other sources of climate financing would be more productive.

Expanding the donor base to finance climate action and adaptation in poorer countries is one of the core objectives of Germany and the EU at COP29. „We can’t write any bad cheques here,“ said Foreign Minister Annalena Baerbock on Friday. „We can only meet the climate challenges financially if we significantly expand the donor base,“ explained Baerbock with a view to „new major emitters who can afford it“.

Climate finance: Why new donors wouldn’t add much to the pot

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