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UN calls for urgent climate finance agreement at COP29

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Published November 11,2024


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The UN Monday known as on international leaders to prioritize pressing local weather motion and monetary reform, emphasizing the financial and human price of inaction.

“An ambitious climate finance goal is not charity—it’s self-interest for every nation,” Simon Stiell, government secretary of the UN Framework Convention on Climate Change (UNFCCC), stated in his opening remarks at COP29 in Baku.

The twenty ninth Conference of the Parties (COP29) to the UNFCCC commenced in Baku on Monday, bringing collectively world leaders, policymakers, and activists with a renewed dedication to deal with intensifying local weather crises.

Running till Nov. 22, the occasion will see discussions round international warming, local weather adaptation, and sustainability.

“An ambitious new climate finance goal is entirely in the self-interest of every single nation, including the largest and the wealthiest,” he stated, advocating a shift to wash vitality, with projected investments reaching $2 trillion in 2024.

“This crisis is affecting every single individual in the world, one way or another,” he stated, calling on nations to “agree a way out of this mess.”

Stiell additional known as for finalizing Article 6 to allow worldwide carbon markets and warned that if international temperatures rise unchecked, “the entire global economy will be brought to its knees.”

Source: www.anews.com.tr

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