Australia urged to do more on climate crisis as activists rue trillion-dollar Cop29 funding gap

Guardian

Summary

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To help narrow the substantial gap between what's needed and what governments can provide, there’s an increasing push to use something called blended finance to raise public funds.
Global News
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Rich countries' promise of $300 billion a year in climate finance brought fury at talks in Baku from poor nations that found it too paltry, but it also shows a shift in global political realities.
Hürriyet Daily News
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The final agreement requires developed countries to help poorer nations mitigate the impact of climate disasters through financing.
CNA
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Article 6 provides trusted and transparent carbon markets for countries to collaborate on emission reductions, potentially saving up to 250 billion U.S. dollars annually in implementing national climate plans.
China Daily

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References

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World Meteorological Organization
2024 is on track to be hottest year on record as warming temporarily hits 1.5°C
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