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S2E7: What the finance-focused COP29 is delivering for South-east Asia
The implementation of developing countries’ climate targets hinges on the availability of finance and technology
Synopsis: Every first and third Tuesday of the month, The Straits Times analyses the beat of the changing environment, from biodiversity conservation to climate change.
Despite the criticisms surrounding the UN climate conference COP29, which took place over two weeks in November in Baku, Azerbaijan, negotiators managed to reach an agreement on two key finance-related issues.
A new goal for annual climate finance flows was set at US $300 billion by 2035, a three-fold increase from…
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