'The clock is ticking': COP29 in race against time to plug multi-trillion-dollar climate finance gap

clock • 9 min read
Activists demand more climate finance for developing nations at COP29 | Credit: Michael Holder
Image:

Activists demand more climate finance for developing nations at COP29 | Credit: Michael Holder

Negotiations over new collective climate finance goal remain at an impasse in Baku, as report claims proposed $1tr by 2030 target is both feasible and cost effective

Entrenched divisions between countries over how to plug the multi-trillion-dollar financing gap blocking the developing world's transition towards net zero emissions are continuing to hamper progress at...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Politics

'Shared prosperity and economic security': CBI calls for closer UK-EU ties on climate and energy
Politics

'Shared prosperity and economic security': CBI calls for closer UK-EU ties on climate and energy

Ahead of major government summit on Monday, business group calls for linked emissions trading systems, streamlined regulations, and mutual carbon border levy exemptions between UK and EU

Michael Holder
Michael Holder
clock 15 May 2025 • 5 min read
The reverse Farage effect: How attempts to polarise the climate debate have 'not really borne fruit'
Politics

The reverse Farage effect: How attempts to polarise the climate debate have 'not really borne fruit'

Almost two thirds of Brits back net zero targets and the UK's clean energy push, despite attempts to stoke up opposition - is the 'climate backlash' in danger of being over-stated?

Stuart Stone
Stuart Stone
clock 15 May 2025 • 8 min read
Cutting back Defra's budget is a false economy Britain cannot afford
Politics

Cutting back Defra's budget is a false economy Britain cannot afford

Hundreds of proposed job cuts and budget squeezes at Defra and Natural England risk severely harming nature recovery efforts, argues Biodiversify's Dr Michael Burgass

Dr Michael Burgass, Biodiversify
clock 12 May 2025 • 3 min read