'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

UN Secretary-General: 'Clean is competitive, and climate action is imperative'
Politics

UN Secretary-General: 'Clean is competitive, and climate action is imperative'

Antonio Guterres hits back at President Trump's dismissal of climate science and clean tech, arguing 'science compels climate action' and 'clean energy is powering jobs, growth and sustainable development'

James Murray
James Murray
clock 24 September 2025 • 5 min read
The Lib Dems and Reform UK have plans for net zero - compare and contrast the response
Politics

The Lib Dems and Reform UK have plans for net zero - compare and contrast the response

Liberal Democrat complaints over media bias and the failure to take the threat posed by Reform's climate denialism seriously appear more justified than ever

James Murray
James Murray
clock 24 September 2025 • 4 min read
Lib Dems back plans to slash energy bills and boost climate action
Politics

Lib Dems back plans to slash energy bills and boost climate action

Party members back wide-ranging policy paper that promises to 'reduce the price of electricity relative to gas', beef up climate adaptation measures, and introduce a new social tariff

James Murray
James Murray
clock 23 September 2025 • 4 min read