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The climate negotiations at COP 29, which commenced in Baku on November 11th, are grappling with the "new collective quantified goal" (NCQG), intended to replace the previous target of $100 billion annually in climate finance from wealthier nations to developing countries. This new framework is expected to be established by next year, coinciding with countries' commitments to emission reductions over the next decade.
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climate negotiations focus on new funding goals for developing nations
11:40 14.11.2024
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