First draft text on new post-2025 climate finance goals released

Developing nations need trillions in annual climate funding by 2030, according to a UN report released at COP29. The report estimates that these countries will require between $1.1 trillion and $2.4 trillion annually to meet their mitigation targets. This figure highlights the financial chasm between developed and developing nations in tackling climate change.

Nov 20, 2024 - 15:01
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First draft text on new post-2025 climate finance goals released
Developing nations need trillions in annual climate funding by 2030, according to a UN report released at COP29. The report estimates that these countries will require between $1.1 trillion and $2.4 trillion annually to meet their mitigation targets. This figure highlights the financial chasm between developed and developing nations in tackling climate change.

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