The options span a wide range reflecting priorities and preferences of all negotiating groups among developed and developing countries from a floor of $100 billion to $2 trillion.
It also has options for contributors, reflecting the evolved and dynamic nature of emissions and their economic capabilities.
NCQG, a new finance target to replace the Paris Agreement's $100 billion a year, is one of the desired outcomes of the Baku climate talks, although most experts believe that achieving this will be tough.
The drafting process indicates this.
This story is from the November 14, 2024 edition of Hindustan Times.
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This story is from the November 14, 2024 edition of Hindustan Times.
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