Climate Finance COP29 and the Road Ahead - By Noopur Joshi

The $300 billion climate finance pledge at COP29 signals progress but underscores the persistent divide between the developed and the developing nations. At the Summit, India highlighted critical gaps in funding, fairness in emission reductions, and the need for equitable global action.

On 24th November 2024, the 29th meeting of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change (UNFCCC) concluded with a pledge of $300 billion in climate finance for developing countries by 2035. Held in Baku, Azerbaijan, the Summit aimed to address critical issues like equitable finance, carbon markets and emission reduction targets.

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