COP29 Finance Deal Aims For $250bn From Wealthy Nations

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COP29 hosts released a new draft of a deal that would see developed nations take the lead in providing $250 billion a year by 2035, but the mood in Baku was grim on Friday

The post COP29 Finance Deal Aims For $250bn From Wealthy Nations appeared first on Asia Financial.

Developing countries plus China, an influential negotiating bloc, have been pushing for $1.3 trillion by 2030 and want at least $500 billion of that from developed nations.

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Article Details

Author / Journalist: Jim Pollard

Category: InvestingBusiness

Markets: Hong KongAustraliaAzerbaijanBrazilChinaThailandUnited States

Topics: Energy Insights Asia Energy Market Insights ESG Health insights Oceania New Energy Regions World West Asia Carbon

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-22 @ 12:41:03 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: asiafinancial.com

Language: English

Article Length: 590 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © Asia Financial

News ID: 23765519

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