News / #COP29
As nations assemble at COP29 in Baku, Azerbaijan, one issue is expected to dominate the summit: climate finance.
Despite funding setbacks, COP16 established an historic Indigenous-led body for biodiversity decisions amid stalled global financing commitments.
The financing gap for infrastructure projects might have come under the spotlight recently, but experts at the Cities: Possibilities 2024 forum say the key barriers to building better cities are not money or the lack of technical solutions, but political cycles that reward short-termism.
The China-EU taxonomy initiative's co-chair Ma Jun revealed that an expanded version will be launched at the upcoming climate summit, with hopes to add large economies like Brazil and Indonesia in the future and become “a globally accepted benchmark for taxonomy development”.
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