COP29 in Baku to address climate finance needs of developing countries
Summary: The upcoming COP29 in Baku will focus on climate finance for developing countries, which are highly vulnerable to climate change due to their reliance on agriculture and limited resources. Despite contributing little to global emissions, they face significant challenges in addressing climate impacts.
The UN defines climate finance as funding from various sources to support actions against climate change. Critics of OECD reports argue that they should reflect actual financial disbursements rather than mere commitments and emphasize the need for new, additional funding.
India requires substantial investments to meet its climate goals, including ₹16.8 lakh crore for renewable energy by 2030 and ₹850 lakh crore by 2070 for net-zero emissions. A new target for climate finance mobilization is being discussed, aiming for $1 trillion in external finance for developing countries by 2030.
This is article metrics. Combined, they form a significance score, that indicates how important the news is on a scale from 0 to 10.
My algorithm scores 10,000 news articles daily, and creates a single significance-ordered list of news.
Read more about how I calculate significance, or see today's top ranked news on the main page:
See today's news rankings