๐ #COP29 was supposed to be the #FinanceCOP, but the first week of negotiations have proved to be fractious. Delegates have made limited progress in talks on adaptation, cutting #emissions, and even keeping previous commitments on track.
Which sucks.
Baku talks: Over 80 world leaders promise commitments on climate action
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#COP29 #WorldLeadersSummit #ClimateAmbition #Baku2024 #FinanceCOP #ClimateJustice #UNClimateConference #ClimateAction #GlobalClimateAction
It is the lack of finance that inhibits ambitions, and this #FinanceCop must deliver finance that reflects the true scale of the need which is in trillions. "28 years later, emissions still rise while finance falls", says Mohamed Muizzu, president of Maldives at the #COP29Baku leaders summit
At the start of this #FinanceCOP, read @erikalennon.bsky.social's blog on the need for scaled up, real and rights-based #ClimateFinance to ensure an urgent & just phase-out of #FossilFuels, adaptation and remedy for #ClimateHarm, and how #CarbonMarkets are NOT that. www.ciel.org/cop-29-finan...