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COP29: EU keeps a low profile on climate finance target, Arab states make demands

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Published: August 15th, 2024,
Last updated: May 28th, 2025

Im September wird in Baku weiter über ein neues globales Klimafinanzziel verhandelt. Die Fronten sind weiterhin verhärtet.
Negotiations on a new global climate finance target will continue in Baku in September. The fronts are still hardened.

The Arab States Group is calling on the industrialized countries – including the EU countries – to provide at least US$441 billion annually for international climate financing from public funds in future. In total, the developed countries should mobilize US$1.1 trillion annually between 2025 and 2029, including private investments.

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