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COP29 Azerbaijan (held in Baku) concluded with a controversial climate finance agreement. According to this agreement, developed nations have pledged to provide at least $300 billion annually to support the developing countries by 2035; this is a significant increase from the previous $100 billion goal. However, this figure falls far short of the $1.3 trillion that developing nations, including India, have demanded. #cop29 #climatefinance #climateaction #globalclimatepolicy #india #developingnations #justice #sustainablefuture #geopolitics

As #COP29 comes to a close today, the critical need for financial support for developing countries remains at the forefront of climate discussions. Cop29 Resources: https://cop29.az/en/home Sellah Bogonko, HSC Bilha Ndirangu COP29 Azerbaijan

The COP 29 Climate Action Summit in Baku exposed stark divides in global climate finance. Developed nations pledged $300 billion annually by 2035, falling short of the $1.3 trillion demanded annually by developing nations to combat escalating climate crises. India urged developed countries to deliver on their commitments and contribute to climate finance, technology transfer, and capacity building. Authored by Purvi for Covering MEA. Parent: THE GEOSTRATA #COP29 #ClimateActionSummit #BakuDealFailure #OpticalIllusion #ClimateFinance #Crisis

Global Climate Finance Gaps Widen at COP29 The COP29 Climate Action Summit in Baku highlighted significant disparities in global climate finance commitments. Developed nations pledged $300 billion annually by 2035, which starkly contrasts with the $1.3 trillion per year that developing nations deem necessary to effectively combat climate change. The outcome of COP29 reveals the persistent struggle to bridge this financial divide — a challenge that must be urgently addressed to mitigate escalating climate crises. #GEOSTRATA #COP29 #ClimateActionSummit #ClimateFinance #GlobalCommitments #Sustainability #ClimateCrisis #Baku

Baku’s climate talks have been christened the ‘‘finance COP’’ and Fadhel Kaboub فاضل قابوب emphasizes the need for a united voice from Africans. Will this edition of the summit address the Global South’s funding needs to facilitate its adaptation to climate change? Watch today's #roadtoclimateaction #COP29Moments #COP29 COP29 Azerbaijan

The 29th Conference of the Parties (#COP29) to the UN Framework Convention on Climate Change (UNFCCC) will take place in #Baku, #Azerbaijan, from November 11 to 22,2024. This conference aims to build on previous climate agreements and address pressing global climate challenges. The agenda will cover various themes each day, including: - World Leaders Climate Action Summit (November 12-13) - Finance, Investment, and Trade (November 14) - Human Capital and Health (November 18) - Nature and Biodiversity (November 21) - Final Negotiations (November 22) #COP29 is expected to focus on enhancing #climatefinance, implementing #Article6 of the Paris Agreement for better carbon markets, and addressing loss and damage from climate impacts. The conference is being referred to as a "finance COP," with significant emphasis on #mobilizing financial resources for climate action. The #COP29 President #Mukhtar #Babayev has expressed a commitment to fostering international cooperation and ambition in climate action. COP29 Baku - Climate Chance https://lnkd.in/gnXGGWhD

The 29th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (#COP29) is starting today, in Baku, Azerbaijan.   Over the next two weeks, world leaders and representatives from international organisations, #NGOs and civil society organisations will convene and delve into insightful discussions on extremely important goals: to negotiate and agree action on how to tackle climate change and limit the global temperature increase to 1.5°C.   At Re-Imagine Europa, we would like to extend to everyone involved in COP29 Azerbaijan our wishes of an extremely successful and fruitful work. Climate change is one of the most pressing and polarised issues that we as a society have to face today. It is crucial to ensure a broad participation by stakeholders and deliver inclusive outcomes based on shared solutions.   You can find out more about COP29 here: https://cop29.az/en/home

COP29 is being called the "Finance COP" for a reason. This year, the focus is on mobilizing significant funding to tackle the pressing climate challenges facing vulnerable communities worldwide.

At COP29 in Baku, delegates finalized a climate finance deal after extended negotiations, committing developed nations to provide $300 billion annually by 2035 to help poorer countries address climate change. The deal was met with mixed reactions: while some, like the EU, called it a stepping stone, others, including India and the Least Developed Countries bloc, criticized it as insufficient. Read the most important news of the day: geopolitics.world #COP29 #ClimateFinance #GeopolitcsWorld

The recently concluded COP29 in Baku highlights the growing divide between the promises of developed nations and the urgent needs of the developing world. While the $300 billion annual climate finance pledge may seem substantial however concerns remain on tangible outcomes. For countries like Pakistan, facing intensifying climate challenges exacerbates vulnerabilities. The recent op-ed by shabnam baloch (Country Director International Rescue Committee Pakistan sheds light upon Pakistan climate crisis. #ClimateAction #COP29