COP29 concluded in Baku with an agreement requiring developed countries to provide $300 billion annually for climate finance to developing nations by 2035, falling short of the hoped-for $1.3 trillion. The agreement leaves unclear who will fund this commitment, with China making a voluntary contribution without obligation. While some view the agreement as a step forward, many climate-vulnerable nations express disappointment, deeming the outcome inadequate for their needs.
Crypto prediction markets like Polymarket face scrutiny from US regulators, who have raised concerns about election integrity and previously fined the platform for operating an illegal derivatives market. Despite its success in accurately predicting election outcomes, the platform's future is uncertain amid increasing oversight and the inherent biases of its user base. While prediction markets offer a novel approach to gauging public opinion, they are not without limitations and can reflect market inefficiencies.
COP16 in Cali faces significant challenges in achieving the global goal of protecting 30% of land and marine ecosystems by 2030, with only 29 out of 196 countries submitting updated biodiversity plans. A report highlights that just 8.3% of oceans are designated as protected areas, with effective protection likely at only 2.8%. Urgent action is needed to meet the ambitious targets set in the Kunming-Montreal Global Biodiversity Framework, as many countries, including Colombia, have missed deadlines for their National Biodiversity Strategies and Action Plans.
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