COP29 strikes last ditch deal on funding for climate measures in vulnerable countries

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Posted on 11/23/2024 3:15:49 PM PST by Oldeconomybuyer

The summit has agreed for richer countries to aim for $300bn in funding per year to support poorer countries dealing with the impact of climate change.

It is a far cry from the $1.3trn experts say is needed, and from the $500bn that vulnerable countries like Uganda had said they would be willing to accept.

But in the end they were forced to, knowing they could not afford to live without it, nor wait until next year to try again, when a Trump presidency would make things even harder.

(Excerpt) Read more at news.sky.com ...

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