MANILA, Philippines – Delegates walked away from the recently concluded United Nations Climate Change Conference (COP29) with a $300-billion new climate finance goal that will be mobilized by developed countries.
The deal is imperfect, even COP29 President Mukhtar Babayev admits. Poor nations and members of civil society had been largely disappointed with the final deal.
Aside from the new finance goal, COP29 reached agreements on a framework on international carbon markets trading, methane reduction, and the loss and damage fund board’s operations, among others.
After a two-week coverage of the summit, Rappler’s Jee Geronimo and Iya Gozum discuss the outcome, the response towards the deal, and the work to be done as the world looks forward to next year’s COP30 set in Belém, Brazil
Bookmark and watch the episode at 5 pm on Saturday, November 30.
– Rappler.com
