Guterres Warns of $359 Billion Climate Finance Gap as Developing Nations Demand Action at COP29

BAKU, Azerbaijan, Nov 14 – UN Secretary-General António Guterres has stressed the importance of securing a climate finance deal at COP29, warning that developing nations “must not leave Baku empty-handed.” Speaking on Tuesday, Guterres underscored the urgent need for robust financial support to help vulnerable countries adapt to and mitigate the impacts of climate change. […]
Pre-COP29 talks make progress on fair and ambitious climate finance deal

The COP29 Presidency emphasised the importance of a “balanced package” that delivers its vision to enhance ambition and enable action at COP29. This includes delivering on all mandates and taking clear next steps following the COP28 Global Stocktake outcomes.