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The #COP29 #climate conference in Baku has left us with deep concerns. While some progress was made — such as concretizing the Global Adaptation Goal and outlining plans for further cooperation — the overall results fall painfully short of what’s needed. The financial commitments, though tripled to $300 billion, are far below the $1–1.3 trillion required. And when adjusted for inflation and the inclusion of loans, this is no real increase at all. “Climate finance must be grant-based, not loan-based, to uphold principles of climate justice”, says Christina Aebischer, Advisor Climate Adaptation & Advocacy at Helvetas. Switzerland and other industrialized nations failed to deliver, and their restrictive financial stance is eroding trust in the Global South. As Alliance Sud highlights, this financial shortfall has shaken the poorest countries and small island states, leaving them increasingly vulnerable to the climate crisis. Even more troubling, no significant steps were taken to phase out fossil fuels or accelerate the green transition. Science is clear: to stay below 1.5°C warming, emissions must be halved by 2030 — just 1,000 days away. Helvetas remains committed to advocating for ambitious climate action and will continue its efforts to drive meaningful outcomes at #COP30 in 2025. What are YOUR thoughts on the outcomes of COP29? Share your perspective in the comments. #COP29 #ClimateAction #ClimateFinance #GlobalSouth Anastasia Bekish Md. Abul Basar Sabin Selimi

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