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Al Jazeera
Al Jazeera
Environment

Countries at COP29 urged to invest trillions to cope with climate change

Climate Change COP29 Donald Trump
Activists with signs spell out "pay up" for climate finance at the Baku Olympic Stadium during the COP29 UN climate summit [Sergei Grits/AP Photo]

Countries need to invest more than $6 trillion per year by 2030 to tackle the effects of climate change or risk having to pay more in the future, according to report by an independent panel of experts at a United Nations climate summit.

“Investments in all areas of climate action must increase across all economies,” said the report published on Thursday by the Independent High-Level Expert Group on Climate Finance (IHLEG) at COP29 in Baku, Azerbaijan.

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