Reacción a "COP29 agrees rich countries to provide $300 billion to poorer countries for climate finance"

It has been a complicated COP due to the current geopolitical situation. The big financing target has remained at a minimum: it only triples the existing target of 300 billion dollars by 2035. There has been progress on Article 6, which now allows for the operationalisation of carbon markets.

There has been some progress on loss and damage, with progress on the implementation of the fund. The work programme on the global adaptation goal has made progress in providing guidance in the area of indicators.

As an overall assessment, a COP of minimums and a transition towards COP30.