STATEMENT: Wealthy countries fail to deliver on climate finance at COP29
Enviromental Defense
NOVEMBER 24, 2024
When you account for inflation, the new target of $300 billion barely exceeds the previous global commitment that was set in 2009. The next round of national climate plans under the Paris Agreement are due in February. By contrast, each year countries provide subsidies to oil and gas companies that exceed $1.3-trillion,
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