Home Latest News At COP29, the parties AGREED on the allocation of 300 billion dollars

At COP29, the parties AGREED on the allocation of 300 billion dollars

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At COP29, the parties AGREED on the allocation of 300 billion dollars

A new climate target was adopted at the closing plenary session of the 29th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29), held in Baku.

AZERTAC reports that according to the document, the joint mobilization target of 100 billion US dollars per year for climate action from developed countries to developing countries will be ensured to reach at least 300 billion US dollars by 2035.

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