COP29, 29th Conference of the Parties, set out a pledge of wealthy nations committing $300b until 2035 for developing countries. Developing countries called for $500b. The agreement in 2009, to provide $100b a year until 2020 to developing countries was met in 2022. Contrary to the flood of articles in response to the news, it took a little while to find the original document. Link below. It’s this item. “New collective quantified goal on climate finance. Draft decision -/CMA.6. Proposal by the President”. Ctrl+f “USD 300 billion”. So many questions about how these resolutions get implemented in the real world and who comes up with these massive figures, how the money is going to be used. But I don’t have time. Probably Trump will scoff at it soon too. My view is that the world acts like a student who only gets working at the last minute. At a point when all clocks dictate that it is high time to take action or else, people will truly get working.
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Trump’s associates and media outlets occupy adjacent real-estate, hotel rooms, restaurants.
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Wealthy countries pledge $300b annually by 2035 to poorer nations deal with climate crisis and energy transition through public and private finance.
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