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climate finance offer rises to 300 billion amid COP29 negotiations

Developed countries are reportedly willing to increase their climate finance offer to $300 billion annually by 2035, up from a previous $250 billion, though this remains below the $390 billion proposed by Brazil. Meanwhile, a decision on the location for COP31 in 2026 is stalled between Australia and Turkiye, with both nations vying to host the summit.
Climate Home News
United States Dollar Sydney Adelaide BP p.l.c. AUS Bahar Ozay Thom Woodroofe Marina Silva Show more
Finance & Economy, News Article
09:39 23.11.2024

transitioning from coal to renewable energy poses challenges for local communities

Poland is set to receive €3.85 billion to transition to a lower-carbon economy, with funds allocated for retraining coal workers and supporting local businesses. While plans for renewable energy at the Bełchatów site exist, concerns remain about job losses and the region's future as young residents leave for urban areas. The EU's Just Transition Fund aims to stimulate economic growth and support small businesses, but the shift away from coal poses significant challenges for the community.
Climate Home News
Euro United States Dollar BloombergNEF Adelaide PGE AUS IDN POL DEU Martha Mendrofa Megan Rowling Chloe Farand Show more
Finance & Economy, News Article
10:42 01.11.2024
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