Day: November 21, 2024

Negotiations on new climate finance goal hangs in the balance as COP29 enters final hours

Negotiations on new climate finance goal hangs in the balance as COP29 enters final hours

BAKU, AZERBAIJAN, 21 November  – In the early hours of the day, the UNFCCC Secretariat released the latest draft text on the New Collective Quantified Goal on Climate Finance (NCQG), a key agenda item at the 29th Conference of Parties (COP29). The new goal will replace the USD 100 billion annual goal established at COP15…