Climate finance calls for leadership unity

Experts estimate that developing countries require $1.3 trillion to build resilience against climate change and reduce climate-warming emissions.

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As world leaders and experts gathered in Baku, Azerbaijan for the 29th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29) from November 11- 22, 2024, the event starkly highlighted the widening gap between developed and developing nations regarding climate finance and responsibility.

Developing countries argue that the burden of financing climate change mitigation and adaptation should fall on the developed nations, whose industrialisation is largely responsible for current greenhouse gas emissions driving global warming.

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