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    Home - Climate Change - Baku's COP29 legacy: a new era in climate finance or too little, too late?
    Climate Change Updated:November 25, 2024

    Baku's COP29 legacy: a new era in climate finance or too little, too late?

    By Olga Winter - EU Newsdesk1 Min Read
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    Baku's COP29 legacy: a new era in climate finance or too little, too late?

    Baku’s COP29 legacy: a new era in climate finance or too little, too late?

    Several delegates stressed the significance of having reached an agreement and making progress in “difficult geopolitical times”.

    Like many before it, the 29th edition of the United Nations Conference on Climate Change needed extra time for an overall agreement to be reached.

    In the early hours of Sunday, exhausted delegates in Baku finally reached a compromise on the most crucial issue of COP29: a new climate financing framework. The UN Climate Change Executive Secretary Simon Stiell called it an “insurance policy for humanity”, adding that “like any insurance policy, it only works if premiums are paid in full and on time. Promises must be kept to protect billions of lives.”

    Baku’s COP29 legacy: a new era in climate finance or too little, too late?

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    Olga Winter - EU Newsdesk
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    Olga Winter is a specialist editor writing about current affairs on the EU news desk for WTX News. Based in Brussels she ideally suited to the address the domestic and global affairs of the European continent, with assignments that include expose and In Review features for specialist reports..

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    Madeleine McCann’s sister tells trial of ‘creepy’ messages from woman claiming to be missing girl as it happened

    Madeleine McCann’s sister tells trial of ‘creepy’ messages from woman claiming to be missing girl as it happened

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    Putin admits Russia shot down Azerbaijani passenger jet, killing 38

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