Making Sense of the NCQG Outcome from COP29: A Critical but Insufficient Step Forward for Climate Finance
Updated: 2024-12-23 19:03:33
The UN climate talks in Baku delivered a new agreement on climate finance (the New Collective Quantified Goal, or NCQG), but it falls short of what science and justice demand. The headline target — mobilizing $1.3 trillion annually by 2035, with developed countries providing $300 billion— is only a fraction of what’s needed. For context, […]
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