The global climate summit in Baku tripled the climate commitment to $300 billion per year by 2035 for the Global South. However, the calculation methods remain unclear.
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Deputy head of the Planet division
Par Michel De MuelenaerePublished on 11/23/2024 at 11:50 p.m.
Reading time: 2 min
Ct was more than 32 hours behind schedule and amid some confusion that COP29, the world climate summit, ended overnight from Saturday to Sunday in Baku. The 198 countries (plus the European Union) present in the capital of Azerbaijan concluded two weeks of meetings with the most sensitive subject: international climate finance. They agreed that, by 2035, at least $300 billion per year would be mobilized to help developing countries carry out their climate policies – reducing their greenhouse gas emissions, but above all implement policies to adapt to the impacts of climate change (droughts, floods, rising sea levels, etc.) while 2024 will be a record year in terms of warming.
. All the different actors must now rebuild trust.”
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