This year’s Conference of the Parties (COP) showed just how tightly governments are guarding their budgets.
The new climate finance goal of US$300 billion agreed at COP29 is sorely needed, even if far from sufficient to address the global climate crisis. The deal will go some, but not all the way, in tiding over poorer countries’ urgent need for capital.
From devastating natural disasters and sudden changes in political leadership, to heightened military conflicts and bubbling trade wars, the realities of the past year have tested leaders’ prioritisation of climate change like never before.
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