Rich nations have the “legal and moral obligation” to pay the US$1.3 trillion that developing countries are asking for to endure climate impacts, say advocates. But some Southeast Asian countries may no longer rely on it to adapt to climate change.
More than 65,000 delegates have registered to attend the COP29 climate summit in Baku, Azerbaijan, potentially making it the second-largest COP on record.
In an open letter to the United Nations, a group of concerned climate-watchers called for stronger transparency and disclosure rules to restrict fossil fuel lobbying and host nations that do not support a clean energy transition.
Developed nations have committed to providing billions of dollars of 'climate finance' to developing countries, as part of the global effort to tackle climate change.