Movim • Cop29 live: can the climate summit find a way to raise $1tn a year?

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Cop29 live: can the climate summit find a way to raise $1tn a year?

news.movim.eu / TheGuardian • 14 November 2024

Day 4 of Cop promises to be quieter, with world leaders flying home after their Tuesday and Wednesday speeches. Events today will focus on climate finance — the key issue for the negotiations.

Parties are working to broker a deal ensuring developing countries receive funding to help cope with climate disasters and phase out fossil fuels. It’s urgent, since a 2009 agreement to contribute $100 billion annually — which was only fulfilled in 2022 — expires this year.