Climate finance: Who is being asked to pay what at COP29?
- Posted on November 14, 2024
- By Business News Today
- 1 Views
Climate finance: Who is being asked to pay what at COP29?
Developing countries need $1 trillion annually by 2030 for climate finance. This funding will help them transition to clean energy and adapt to climate change. A significant portion of this funding is expected from developed nations. However, there are disagreements on the amount and who should contribute. The COP29 summit aims to reach an agreement on this crucial issue.