BAKU: Countries agreed on Sunday (Nov 24) to an annual finance target of US$300 billion to help poorer countries deal with the impacts of climate change, with rich countries leading the payments, according to a
A view during a closing plenary meeting at the COP29 United Nations Climate Change Conference, in Baku , Azerbaijan Nov 24, 2024.
Countries also agreed Saturday evening on rules for a global market to buy and sell carbon credits that proponents say could mobilise billions more dollars into new projects to help fight global warming, from reforestation to deployment of clean energy technologies. At one point delegates from poor and small island nations walked out of talks in frustration over what they called a lack of inclusion, and amid concerns fossil fuel producing countries were seeking to water down aspects of the deal.
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