EU agrees COP29 climate stance, leaving money question unanswered

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The EU reveals its stance for the COP29 climate talks, emphasizing the need for broadening the donor base while confronting budget constraints.

Developed countries hit an agreed $100 billion-per-year goal two years late, and now they will be expected to cough up even more.

Such a stance reflects “the evolution of respective economic capabilities and increasing shares of global GHG emissions since the early 1990s,” it said.

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Article Details

Author / Journalist: Bloomberg

Category: Business

Markets: IndiaAzerbaijanChinaFranceGermanyIrelandTaiwanUnited States

Topics: COP29 European Union Climate finance Climate talks EU

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-15 @ 09:18:29 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 746 words

Reading Time: 5 minutes read

Sentences: 29 lines

Sentence Length: 26 words per sentence (average)

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

Copyright Owner: © Economic Times

News ID: 23066156

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About Economic Times

Main Topics: Business

Official Website: economictimes.indiatimes.com

Update Frequency: 5 posts per day

Year Established: 1961

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

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