Tuesday, November 26, 2024
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The video explores the conclusions and also the challenges of COP 29, a meeting that sets the steps to follow in order to consolidate efforts for the upcoming COP30.
The 29th edition of the UN Framework Convention on Climate Change (COP29) took place in the capital of Azerbaijan, Baku, where nearly 200 member countries reached a financial agreement in which wealthy countries will pay $300 billion annually to the developing world to mitigate the effects of climate action in those regions. The previous figure for this goal was set at $100 billion per year.
Negotiators detailed other agreements over the course of two weeks, such as the $1.3 trillion annual target for climate finance by 2035, the creation of a global regulated market for carbon emissions trading, and various initiatives for the protection of ecosystems.
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