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COP29: The real battle over climate finance begins

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Published: November 13th, 2024,
Last updated: November 16th, 2024

What is at stake: Poorer countries need billions in financial aid to mitigate and adapt to climate change. Drought in southern Africa in April 2024.
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At COP29, after the photo ops and speeches by the heads of government, the actual negotiations on the new global climate finance target NCQG started. The responsible negotiators presented a new text to the delegations on Wednesday. In the evening, however, the proposal was returned to the negotiators with a request to streamline it – observers consider this a minor setback due to chaotic procedures; however, everything is still in the green.

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Klimafinanzen