COP29 negotiators must agree a new climate finance goal that genuinely works for debt-strapped developing nations
While adaptation funding jumped by about a quarter in 2022, a large share came as loans rather than grants, adding to developing-nations’ debt burdens
The UK’s new foreign minister, David Lammy, says Global North rhetoric on climate action must be matched by funding but stays silent on the size of a new global finance goal
Action on clean energy and adaptation can be the single greatest opportunity to lift up African people and economies, Simon Stiell says
Amid record-breaking climate impacts, the COP29 host nation needs to ramp up action for an ambitious outcome in Baku
Negotiations failed to progress as rich countries refused to discuss a dollar amount for the new goal due to be agreed at COP29
Developed countries gave nearly $116 billion in climate finance in 2022, but experts and campaigners questioned how the target was met
Germany wants all high-emitters, especially among G20 countries, to pitch in. But China and Saudi Arabia say the responsibility lies with developed nations
Developed and developing countries are gearing up for heated discussions over the size of the goal and who should provide money for it