The COP29 climate summit in Baku, Azerbaijan, concluded yesterday with an agreement to provide $300 billion annually to developing nations by 2035, helping to mitigate and adapt to the impacts of climate change. While hailed as progress to the previous $100 billion commitment, the sum fell short of the $1.3 trillion initially identified as necessary to address the crisis.
“Without more substantial financing, many vulnerable countries will remain underprepared for escalating climate challenges,” said Ani Dasgupta, CEO of the World Resources Institute.
