COP29 ended with a $300 billion goal which is significantly short, hence many vulnerable nations will continue struggling to cope
Chidaushe urged all UNFCCC parties to re-center COP discussions around those most affected by climate change, removing barriers to attendance
Facing severe climate impacts like floods, droughts, food insecurity, and cyclones developing nations seek $1.3 trillion target in the NCQG
The developed countries have attached their deliberations of climate financing on the possibility of carbon markets cutting down the costs
A primary focus at COP29 is climate finance matters around establishing sufficient and equitable funding mechanisms for developing countries
At COP29, nations will review their progress in creating and executing NAPs and provide recommendations to speed up adaptation actions
According to Shady Khalil, Global Policy Senior Strategist at Oil Change International the COP Troika was created in support of 1.5°C target
According to expert views, the $100 billion climate finance target was not based on actual needs but rather a political commitment
A lack of transparency regarding what qualifies as climate finance, combined with a heavy reliance on loans rather than grants issues
With the transition to green energy taking center stage in discussions on mitigation and sustainability there are high expectations for COP29
