Azerbaijan’s successful hosting of COP29 drives ambitious climate finance commitments

Azernews.Az

18 November 2024 13:30 (UTC+04:00)

Nazrin Abdul

On the first day of the COP29 Climate Action Summit, multilateral development banks (MDBs) made a landmark announcement, committing to an annual climate finance allocation of $170 billion. This unprecedented pledge will significantly support low- and middle-income countries in their efforts to combat climate change, with $120 billion of the funds directed towards climate finance by 2030. Additionally, ....

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