LONDON, Dec 02 (IPS) – COP29, the latest annual climate summit, had one job: to strike a deal to provide the money needed to respond to climate change. It failed.
This was the first climate summit dedicated to finance. Global south countries estimate they need a combined US$1.3 trillion a year to transition to low-carbon economies and adapt to the impacts of climate change. But the last-minute offer made by global north states was for only US$300 billion a year.
Read the full story, “COP29 Falls Short on Finance”, on globalissues.org →
Source: Global Issues
