The UN climate change conference ended on 24 November with a pledge from developed nations to contribute at least $300 billion annually to support adaptation. After two weeks of intense negotiations, delegates at COP29, formally the 29th Conference of Parties to the UN Framework Convention on Climate Change (UNFCCC), agreed to provide this funding annually, with an overall climate financing target to reach “at least $1.3 trillion by 2035”. This summit had been dubbed the ‘climate finance COP’, and representatives from all countries were seeking to establish a new, higher…
COP29 ends with compromise on climate financing
