COP29 climate finance draft proposes $250 bln target from wealthy countries

A new draft climate finance deal proposed at COP29 suggests developed nations should lead in providing $250 billion annually by 2035, aiming for a total of $1.3 trillion per year from all sources. However, some European negotiators have expressed concerns about the high cost and the lack of expansion in the contributor base. A new draft climate finance deal proposed at COP29 suggests developed nations should lead in providing $250 billion annually by 2035, aiming for a total of $1.3 trillion per year from all sources. However, some European negotiators have expressed concerns about the high cost and the lack of expansion in the contributor base.  Economic Times