Funding crunch: An activist displays hands that read ‘pay up’ at the COP29 summit in Baku, Azerbaijan. Estimates to address the escalating climate crisis stand at US$1.3 trillion. — AP
“Climate change isn’t waiting for international pledges, and neither can the world’s most vulnerable nations, because every delayed dollar costs lives, livelihoods and a chance at survival.”
The conclusion of COP29 reiterates a troubling reality for emerging economies: the yawning gap between climate-finance needs and actual disbursements.
