Federal Ministry for Economic Cooperation and Development (BMZ)’s Post

At COP29 Azerbaijan the G77 and China bloc rejects the first draft of the climate finance negotiating text and demands $1.3 trillion in annual climate finance flows from developed countries. Read our detailed summary by Sehr Raheja Upamanyu Das Avantika Goswami of CSE’s Climate Change programme https://lnkd.in/gvEhdFEJ

Draft text released today on new #ClimateFinance package for developing world rejected by every signatory to the UN climate convention #COP29, developed nations still dodge question: how much will they give developing countries every year starting 2025?

As the dust settles on COP29, read our views on missed and upcoming opportunities: https://lnkd.in/eRRdfEXW COP29 may have fallen short, but it reinforced an undeniable truth: while multilateral systems falter, subnational governments remain the vanguard of climate action. The future is local. #Under2Coalition

The recent Bonn climate talks have imperiled the 1.5°C goal as rich nations backtrack on climate finance pledges. With COP29 in Baku looming, stronger leadership is urgently needed to avoid derailing global climate action. ⬇️ https://lnkd.in/dGTGbRjj #climatefinance #bonn #sb60 #cop29

In COP 29 a climate finance deal was reached with a new $300 billion goal by 2035. However, concerns remain over insufficient support for developing nations. Read my full story at:- https://lnkd.in/gi4aZCTU Hastakshep.com amalendu upadhyaya #COP29 #climatefinance #lossanddamage

Following this week's climate talks in Bonn, Cat Pettengell of CAN UK calls for the #G7 to strongly demonstrate they are serious about their responsibility to provide climate finance and unlock progress on climate action before #COP29. https://lnkd.in/eX3zUexU

As the annual climate change summit entered the fourth day Brazil, South Africa, India and China (BASIC) also reiterated the need to fully implement the Paris Agreement 2015, a legally binding international treaty COP29: BASIC countries ask rich nations to honour commitments for climate finance rather than ‘diluting obligations’ - https://lnkd.in/gYp5y9i4, For the best experience read this on The Hindu App. https://bit.ly/THNewsApp

The #COP29 climate finance agreement is a step forward in admitting the financial needs but does not provide what is needed to address the unprecedented worldwide crisis by the right means My Opinion 👇 https://lnkd.in/dKSPfeSK

Following this week's climate talks in Bonn, Cat Pettengell of CAN UK calls for the #G7 to strongly demonstrate they are serious about their responsibility to provide climate finance and unlock progress on climate action before #COP29. https://lnkd.in/eX3zUexU