COP29 Nears End, Climate Finance Still a Major Hurdle #COP29

COP29 negotiators are racing to make breakthroughs on climate finance commitments, the main focus of this year's conference. 

UN Secretary-General António Guterres has stressed the importance of immediate, substantial financial contributions to support vulnerable nations. He warned that without serious action, the global adaptation finance gap could double by 2030 to $359 billion - which would have devastating consequences for countries facing climate change.

World leaders, climate experts, and activists are gathered in Baku, Azerbaijan, for COP29 to address pressing climate issues, including reducing greenhouse gas emissions and aiding vulnerable nations.

African countries are focusing on securing a new climate finance goal at the climate talks. The richer countries most responsible for global warming need to agree at the climate conference to fully pay for the catastrophic loss of homes and damage to livelihoods occurring across the continent as a result of climate change disasters, reports Amnesty International. 

COP29 takes place from November 11 to 22, 2024, and is dubbed the 'Finance COP' since it's time for countries to choose a new global climate finance goal.

Activists calling for immediate action on climate change in Baku.

COP29 kicks off in Baku, Azerbaijan, world leaders, climate experts and activists are meeting to address pressing climate issues.

Azimi Abubakar, 50, a resident of Gasamu, wades through the floodwater in Jakusko LGA of Yobe State, Nigeria, on October 1, 2022. Between September 4 and 8, 2024, the Displacement Tracking Matrix (DTM), in collaboration with the National Emergency Management Agency (NEMA), the Yobe State Emergency Management Agency (YOSEMA), and the Nigerian Red Cross Society (NRCS) identified 255 locations in Yobe State that were impacted by floods or received internally displaced persons (IDPs) due to the flooding. A new UN report reveals that African cities will be among the hardest hit by the climate crisis.

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