Developing nations require nearly USD 6 trillion by 2030 to tackle climate change, according to Mukhtar Babayev, the president of the upcoming UN climate conference. Azerbaijan, the host country, plans to urge nations to make concrete commitments at COP29, including doubling adaptation finance by 2025. Babayev emphasized innovative financing mechanisms and the need for accountability. COP29 aims to triple global renewable energy capacity and double energy efficiency by 2030, with a focus on climate finance to support developing nations in emission reduction and climate resilience.
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