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. In 2023 at COP28 , countries agreed to “transition away from fossil fuels” and scale up renewable energy and energy efficiency. trillion, and the companies collect trillions in profits.
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