Baku breakthrough: COP29 key outcomes
The COP29 UN Climate Change Conference, held in Baku concluded with a landmark agreement to increase public climate finance for developing countries to $300 billion annually by 2035
U.S. President Joe Biden has expressed his gratitude to Azerbaijan for hosting the 29th United Nations Climate Change Conference (COP29), calling the event a pivotal step toward global climate action.
In a statement, President Biden congratulated the COP29 Presidency and participating nations for reaching a significant agreement. "While there is still substantial work ahead of us to achieve our climate goals, today’s outcome puts us one significant step closer," he said. He emphasized the importance of sustained efforts to ensure a "cleaner, safer, healthier planet" for future generations.
The president highlighted a major milestone achieved during the conference: the adoption of an ambitious international climate finance goal for 2035. This agreement aims to mobilize the necessary financial resources—across public and private sectors—to support developing nations in transitioning to clean and sustainable economies.
COP29 has been hailed as a significant platform for fostering global cooperation on climate challenges, underscoring the need for unified efforts to meet environmental and financial targets.
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The COP29 UN Climate Change Conference, held in Baku concluded with a landmark agreement to increase public climate finance for developing countries to $300 billion annually by 2035
The agreement, finalised at COP29 in Baku, Azerbaijan, establishes that developed countries will contribute $300 billion annually by 2035 to assist poorer countries in mitigating the effects of climate change.
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