Day: November 24, 2024

Countries agree on how to create, trade and register credits to meet climate commitments

EU Commission President Ursula von der Leyen on Sunday hailed the COP29 deal in Baku as marking “a new era for climate cooperation and finance”.

Two weeks of fraught wrangling over climate funding have ended as COP29 host Azerbaijan brings down the gravel. The deal pledges $300 billion annually from rich to poor nations by 2035, but anger and concerns persist over its “fairness.”