COP29 – the 29th UN Climate Change Conference, more commonly known as COP (Conference of Parties), is in progress at Baku, the capital of Azerbaijan from 11 Nov to 22 Nov, 2024. The first draft decision text on new post-2025 climate finance goals was released Wednesday. There are huge differences between rich and developing nations on the issue of climate finance goals. Developing countries would need $1.1-2.4 trillion investment by 2030. Up to $2.9 trillion till 2035 to meet mitigation goals. The developing countries have been struggling to get a deal on having at least 1.3 trillion a year from … Continue reading COP29’s $1.3 Trillion Climate Finance Standoff: Will Rich Nations Meet Developing Countries’ Demands by 2030?