First draft text on new post-2025 climate finance goals released
Thursday, 14 November 2024 () Developing nations need trillions in annual climate funding by 2030, according to a UN report released at COP28. The report estimates that these countries will require between $1.1 trillion and $2.4 trillion annually to meet their mitigation targets. This figure highlights the financial chasm between developed and developing nations in tackling climate change.
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