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independent.co.uk

COP29: Climate Finance and Uncertainties

COP29 in Baku faces challenges with securing climate finance, dealing with the host nation's fossil fuel interests, and the US's uncertain stance under Trump.

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English

United Kingdom

PoliticsClimate ChangeEnergy SecurityEnvironmentEnergyClimateSummit

World Resources Institute (Wri)Christian AidWwf InternationalOil Change InternationalFriends Of The Earth

Donald TrumpAni DasguptaMariana PaoliJohn PodestaSir Keir Starmer

What is the main goal of the COP29 summit?: The COP29 summit in Baku, Azerbaijan, aims to secure global commitment for climate action funding, a contentious issue between rich and developing nations.
What are some of the challenges facing COP29?: Challenges facing COP29 include concerns about Azerbaijan's alleged promotion of fossil fuel deals and the US's uncertain role under President Trump's climate denial stance.
How might the absence of key world leaders affect COP29?: The absence of key leaders, including from the US and EU, raises concerns about the summit's effectiveness, but some believe the energy transition will continue regardless of political shifts.
Why is climate finance so crucial for future climate action?: Experts emphasize the critical role of finance in achieving future climate targets, with calls for substantial public funding in the trillions to address mitigation, adaptation, and loss and damage.
Besides finance, what other topics will be discussed at COP29?: Beyond finance, COP29 will address the global transition from fossil fuels, despite continued growth in fossil fuel investments and emissions, and establish frameworks for international carbon markets.

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