EU countries are preparing to double a 2019 payment for those countries most affected to adapt their economies to climate change at the upcoming COP30, according to a Council document seen by Euronews, whilst many in the global south are calling for a tripling of the funding.
The offer will be one of the key negotiations at the November UN climate summit in Belém, Brazil, when world leaders will discuss the way forward to tackle climate change and likely formalise the Global Goal on Adaptation, a collective commitment under the Paris Agreement, where countries agreed to share the financial burden for adapting to the impacts of climate change.
