At COP29, Belgium positions itself as a good student of climate financing

Deputy head of the Planet division

Published on 11/12/2024 at 5:13 p.m.
Reading time: 1 min

Summary of the article

– In 2023, Belgium granted 247 million for climate financing in developing countries; not yet his “fair share”. – At COP29 in Baku, Prime Minister Alexander De Croo underlined the importance of mobilizing private actors to achieve climate objectives. – Since 2020, federal climate funding has tripled, according to the Minister of Development Cooperation, with priority given to adaptation. – Belgium now includes in the account private financing induced by the initial outlay of public authorities, an accounting which raises questions.

Summary of the article

Ct is now the tradition: no world climate summit without a session reserved for heads of state or government. A parade of declarations emphasizing the urgency of the situation, the seriousness of the moment, the need to mobilize; also pointing out, in passing, the progress made by the speaker’s country.

ambition to significantly increase our climate financing and contribute our fair share. »

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