Climate finance talks stall at COP29 as key funding figures remain blank

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Climate finance talks stall at COP29 as key funding figures remain blank - Business Mirror

Quick Summary:

B AKU, Azerbaijan—A new draft text released early Thursday which will form the basis of any deal reached at United Nations climate talks on money for developing countries to transition to clean energy and adapt to climate change left out a crucial sticking point: how much wealthy nations will pay.

Climate finance talks stall at COP29 as key funding figures remain blank Activists participate in a demonstration for climate finance at the COP29 U.N.

Linda Kalcher, of the think tank Strategic Partnerships, said on the question of grants or loans, the draft text suggests “the need for grants and better access to finance.