At the COP29 Conference in Baku, the European Commission and EU member states took the lead in brokering a deal to align global financial flows with the objectives of the 2015 Paris Agreement.
The New Collective Quantified Goal allows more nations to contribute climate finance.
Parties agreed that the combined funding from all these sources should reach at least $1.3 trillion per year by 2035.
The New Collective Quantified Goal allows more nations to contribute climate finance.
Parties agreed that the combined funding from all these sources should reach at least $1.3 trillion per year by 2035.
