The world's top development banks have promised to increase climate finance to 120 billion dollars a year for developing nations by the end of the decade.
It's part of efforts to fund the fight to limit global warming to 1.5 degrees Celsius above pre-industrial levels.
Developing nations will need at least a trillion dollars a year to help shift away from fossil fuels and deal with extreme weather events.
UN Secretary General Antonio Guterres says those countries must not leave empty handed.
The cost of climate change and how to pay for it have been some of the main talking points at every summit.
Al Jazeera’s Colin Baker explains.
Subscribe to our channel: [ Ссылка ]
Follow us on Twitter: [ Ссылка ]
Find us on Facebook: [ Ссылка ]
Check our website: [ Ссылка ]
Check out our Instagram page: [ Ссылка ]
Download AJE Mobile App: [ Ссылка ]
#COP29Summit #Azerbaijan #Baku #GreenClimateFund #ClimateFinance #DevelopingNations #OilInstallations #FossilFuels #ClimateNegotiations #CleanEnergy #RenewableEnergy #SolarPower #ClimateCrisis #GlobalWarming #ClimateChange #AlJazeeraEnglish
