Least developed countries and small island nations will be prioritised but the finance proposal omits to say how much money will be provided
Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.A new draft for the long-term finance proposal for climate change, called the new collective quantified goal , was released on Thursday morning at COP29.
“The text does not specify numerical figures for the proposed mobilisation goal, or for the provision element.” The overall sentiment is that without a figure on the table, the text on the finance goal is largely unhelpful. “The elephant in the room is the lack of specific numbers in the text. This is the ‘finance COP’. We came here to talk about money. You measure money with numbers. We need a cheque but all we have right now is a blank piece of paper,” he said.Tasneem Essop, the executive director of Climate Action Network International, said: “Developed countries knew they were expected to arrive in Baku ready to agree on a meaningful climate finance goal.
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