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Draft Climate Finance Package Rejected, COP29 To Present Revised Version

GenevaTimes by GenevaTimes
November 21, 2024
in Business
Reading Time: 1 min read
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Draft Climate Finance Package Rejected, COP29 To Present Revised Version
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A draft text released early Thursday on a new climate finance package for the developing world was rejected by every single country signatory to the UN climate convention. The COP29 presidency, however, said the draft was far from final and invited countries to submit bridging proposals. The next version, due Thursday night, will be leaner and packed with numbers aimed at finding the sweet spot for consensus, it said in a statement.

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