COP29: Will rich nations promise more money for climate change? - BBC News

At COP29 the world’s nations will try and negotiate a new spending commitment on climate change.

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In 2009, the world's developed nations agreed to give $100bn (£78bn) a year to poorer nations by 2020 to help them tackle and prepare for climate change.

In the 15 years that have passed since that first goal was set, global temperatures have increased and emissions have grown - requiring trillions of dollars of investment, external to tackle the issue of climate change.

At the UN climate summit COP29 this year in Baku, Azerbaijan, countries will recommit to a new goal - but first they must agree how much will be given, who is contributing and how the money will be spent.

Money for climate action broadly falls into three buckets:

https://www.bbc.co.uk/news/science-environment-63478446

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