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At COP29, a fierce debate over the New Collective Quantified Goal (NCQG) is anticipated, as wealthy nations seek to shift responsibilities to emerging donors and the private sector. Despite a doubling of climate finance to $1.46 trillion, a significant increase is needed to meet climate goals, with vulnerable nations facing a funding gap of $187-359 billion for adaptation efforts. Meanwhile, major oil and gas producers plan to expand production, undermining global climate commitments and risking lower returns for investors in the LNG sector.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
climate reports warn of record warming and urgent action needed at cop29
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12:42 11.11.2024
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UBS Group AG
Lloyds Banking Group plc
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