💨 Abstract

EU ministers agreed on their negotiating stance for the COP 29 summit, aiming to replace the current $100 billion yearly climate funding commitment from wealthy nations. The meeting will take place in Azerbaijan from Nov. 11-22. Both the EU and Canada consider a large increase in public funding as unrealistic, favoring private investment for the green transition.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖