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New COP29 climate finance target at benefits all, says UN climate chief

By Business Standard - 2 weeks ago
Setting ambitious objectives for the COP29 climate summit here, UN Climate Change Executive Secretary Simon Stiell on Monday emphasised the need for an updated global climate finance target and robust action on carbon markets. Stiell's remarks came during the opening of the 29th session of the climate change conference of parties (COP29) in Baku, the capital of Azerbaijan. India's key priorities at the conference are likely to focus on ensuring accountability for developed nations on climate finance, strengthening resilience for vulnerable communities, and achieving an equitable energy transition, experts anticipate. Stiell delivered a rallying call to global leaders, emphasising the urgency of coordinated action on climate change. Stiell's address highlighted that despite incremental progress, COP remains the sole forum for addressing the escalating climate crisis globally. "This UNFCCC process is the only place we have to address the rampant climate crisis, and to credibly hold

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