At COP29, there has been significant support from wealthy countries to increase climate funding to $300 billion. This move aligns with ongoing discussions about climate financing, where developed nations have been called upon to honor their commitments to help developing countries tackle climate change.
Such ambitious financial targets signal a shift in global efforts to accelerate climate action. However, tensions remain as developing nations push for better terms, emphasizing the urgency of adequate funding to adapt to climate impacts and transition to green technologies.
The increased commitment could pave the way for a more resilient and sustainable future, but will depend on negotiations that balance both financial contributions and practical implementation.
https://www.reuters.com/sustainability/sustainable-finance-reporting/wealthy-countries-back-raising-cop29-climate-deal-300-billion-sources-say-2024-11-23/
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great support for developing countries in addressing climate change impacts and transitioning to clean energy.
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This is a great move coming together to an agreement. Lets hope will be successful.
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Increasing the climate financing target to $300 billion is a promising step towards equitable climate action. However, ensuring transparent implementation and addressing the unique needs of developing nations will be critical for meaningful progress.
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Dear Grace Njeri Your climate love has received over 50 agrees! We have reached out to G7易流 by email and requested a response. I will keep you updated on any progress! To reach more people and increase the chance of a response, click the Share button above to share the review on your social accounts. For every new member that joins We Don't Have Time from your network, we will plant a tree and attribute it to you! /Adam, We Don't Have Time
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This is great ..with such kind of funds alot could be done for the common good of everyone on the planet.
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@rosebellendiritu This is indeed promising; such funding has the potential to drive significant progress in addressing climate challenges and fostering a sustainable future for all.
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If only these funds were used for the right purpose.. Change will surely be inevitable in the near future.
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@jane_wangui If allocated wisely and transparently, these funds could bring transformative change, ensuring a sustainable future for generations to come.
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But this is more less compared to what is needed, which is $1.3 trillion per year to help poor countries mitigate climate disasters!!
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This ambitious financial target represents a pivotal step in bridging the gap between climate commitments and actions, providing the resources needed for a just and sustainable transition.
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@rashid_kamau This financial goal is a critical move toward turning climate pledges into tangible progress, equipping nations with the tools for an equitable and sustainable future.
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These funds will be very impactful in combating climate change and make a real difference to the most affected nations.
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Affluent nations have the resources to lead this charge it’s time they deliver and make a real difference.
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I support
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It is true
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This decision will significantly help developing countries tackle the climate crisis