Reports: Industrialised nations prepare to up COP29 climate finance offer

James Murray
clock • 5 min read
Credit: UNclimatechange @ Flickr
Image:

Credit: UNclimatechange @ Flickr

UPDATED: But lack of fresh negotiating text means it remains unclear if strings will be attached to floated offer of $300bn a year in climate finance

Industrialised nations are reportedly set to increase the climate finance target at the heart of the fractious COP29 negotiations in Baku from $250bn to $300bn a year, after Ministers worked through the...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose the membership package that's right for you and your organisation, via our 3 membership levels.

Join now

 

Already a BusinessGreen member?

Login

More on Climate change

Met Office: Record global CO2 rise leaves 1.5C goal hanging by a thread

Met Office: Record global CO2 rise leaves 1.5C goal hanging by a thread

Study shows increase in CO2 levels in the atmosphere far exceeded expectations last year, fuelling fears chances of limiting global warming to 1.5C are slipping out of reach

Michael Holder
clock 17 January 2025 • 6 min read
How Brits remain more worried about climate change than their American counterparts

How Brits remain more worried about climate change than their American counterparts

New study from Yale University compares US and UK attitudes to climate change to reveal the UK is more aware and concerned about escalating climate impacts

clock 15 January 2025 • 5 min read
My new dark red climate stripe for 2024 shows it's the hottest year yet

My new dark red climate stripe for 2024 shows it's the hottest year yet

These 'warming stripes', adopted around the world as a symbol of climate awareness, action and ambition, now include another dark red stripe for 2024

Ed Hawkins, University of Reading
clock 13 January 2025 • 3 min read