Governments from 195 countries are halfway through negotiations at the United Nations-backed climate change talks (29th Conference of Parties, or COP29)—amid disappointments on many fronts, highlighting little progress on new funding for loss and damage and accelerated clean energy goals to help poorer countries cope with rising sea levels and other climate impacts.
Delivery of climate finance is the main topic of the two-week conference in Azerbaijan’s capital which began Nov. 11, with the Philippines leading the launching that day of the loss and damage fund. For that purpose, a board was assembled last year with the Philippines as host country and the World Bank as interim host.
The participating countries seek to establish a new annual climate financing target this year, or the so-called New Collective Quantified Goal on climate finance (NCQG) that would help them reduce greenhouse gas emissions and adapt to climate change.
This story was produced as part of the 2024 Climate Change Media Partnership, a journalism fellowship organized by Internews' Earth Journalism Network and the Stanley Center for Peace and Security. It was first published in the Philippine Daily Inquirer on November 16, 2024. It has been translated to English and lightly edited for length and clarity.
Banner image: A protest for climate finance / Credit: UN Climate Change - Kiara Worth.
Imelda Abano
