Business seeks details in face of mixed COP29 climate messages

Quick Summary:

Many developing countries said the pledge would not be enough to help them deliver robust national climate plans.

Money will start flowing only after the shared goals agreed at events like COP29 are translated into "regulation, legislation and other policy measures", said Thomas Tayler, head of climate finance at asset manager Aviva Investors.

While private sector investment was teased throughout the summit - including in a multilateral development bank pledge to mobilise $65 billion of it each year - the devil will be in the details.

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Article Details

Author / Journalist: Reuters

Category: Business

Markets: IndiaAzerbaijanBrazilSaudi ArabiaUkraine

Topics: Baku Climate emissions Climate plans Azerbaijan Cop29

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-26 @ 10:48:55 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 1333 words

Reading Time: 8 minutes read

Sentences: 36 lines

Sentence Length: 38 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 23879608

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Official Website: economictimes.indiatimes.com

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