G77, China demand $1.3 trillion in climate finance from rich nations
The New Indian Express|November 13, 2024
At COP29, the G77 bloc of developing nations, along with China, has made a strong stance on the New Collective Quantified Goal (NCQG) for climate finance.
SV KRISHNA CHAITANYA EXPRESS IN BAKU
G77, China demand $1.3 trillion in climate finance from rich nations

Representing around 80% of the global population, the G77+China called for an ambitious climate finance target, demanding that developed countries commit at least $1.3 trillion per year to support developing nations in their climate action.

They said this funding is crucial for effective mitigation, adaptation, and addressing loss and damage from climate change, observers said.

The G77 rejected the framework proposed by the ad hoc work programme's co-chairs, asserting that it does not provide an adequate foundation for negotiations.

Instead, the group is urging the newly appointed co-chairs of the NCQG contact group to produce a fresh, equitable text before the upcoming session.

この記事は The New Indian Express の November 13, 2024 版に掲載されています。

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この記事は The New Indian Express の November 13, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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