Negotiating a new climate finance deal

On the opening day of the 29th Conference of Parties to the UN Framework Convention on Climate Change UNFCCC or COP29 the Executive Secretary of UN Climate Change Simon Stiell urged upon the negotiators “We cannot leave Baku without a substantial outcome.” What he essentially meant is the climate extremes coupled with disruptions in economies have put the world to its edge and we do not have time to procrastinate. Instead we need to establish a new annual climate financing target to replace the $100 billion pledge set in 2009.On the opening day of the 29th Conference of Parties to the UN Framework Convention on Climate Change UNFCCC or COP29 the Executive Secretary of UN Climate Change Simon Stiell urged upon the negotiators “We cannot leave Baku without a substantial outcome.” What he essentially meant is the climate extremes coupled with disruptions in economies have put the world to its edge and we do not have time to procrastinate. Instead we need to establish a new annual climate financing target to replace the $100 billion pledge set in 2009.

Expectations from the collaborators: According to the report, half of the world's farmland farmers are already working at less than 86% capacity due to current

Incentives: According to the research