COP29 takeaways: a turning point for climate finance, but falls short on fossil fuels
We Mean Business Coalition
NOVEMBER 27, 2024
What it means: The $300bn is a modest step forward, marking progress under the Paris Agreement but falling short of the decisive action and timeline the climate crisis demands. Brazil pledged to reduce net greenhouse gas emissions by 59%–67% by 2035, compared to 2005 levels. The UK will deliver its full plans in 2025.
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