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A protest walkout, frantic last-minute closed-door discussions, and a lot of frustration and anxiety. The COP29 finance talks in Baku had looked like they were about to fall apart running into overtime after last Friday but parties came to a compromise on Sunday and staggered away with a US$300 billion funding deal.
COP29 talks – running into overtime – concluded over the weekend with a signed deal to triple the amount of money to help poorer nations climate-proof their economies, but the promised funding falls short of the trillions of dollars developing countries say they need. A deal on Article 6 was also sealed.
As the New Collective Quantified Goal on climate finance approaches at COP29, China’s stance is drawing significant attention.
Ocean issues cut across all three major UN conferences taking place at the end of 2024.
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