Published: March 5th, 2024,
Last updated: May 28th, 2025

The countries of the European Union want to urge the fossil fuel industry to contribute to the costs of climate change in poorer countries. This emerges from a draft document reported by the Reuters news agency. At this year’s UN climate negotiations in November in Baku, Azerbaijan, countries must agree on a new climate financing goal. This will determine how much wealthy industrialized countries will pay to poorer countries to adapt to a warmer planet.