“The COP Presidency is centering the new climate finance target, the New Collective Quantified Goal (NCQG), in this year’s UN climate talks. To deliver on last year’s groundbreaking commitment to transition away from fossil fuels, rich countries must raise trillions of dollars to support climate action in developing countries. While the COP29 host recognizes the need for a significant financial increase, it fails to emphasize that it must be on fair terms to countries that need it most.”
NDCs
Pay up and phase out: G7 countries must keep their climate promises
The COP28 agreement marked the end of the fossil fuel era. Now, will the world’s wealthiest nations step up and pay their fair share to drive this transition?