Baku Conference Sets New Collective Climate Finance Goal
The Baku Climate Change Conference (UNFCCC COP 29) delivered what the Earth Negotiations Bulletin (ENB) describes as “a milestone agreement that will inform climate action for years to come.” Countries set a new collective quantified goal (NCQG) on climate finance. The operationalization of the market-based cooperative implementation of the Paris Agreement (Articles 6.2 and 6.4) was another major outcome. Yet, parties could not reach agreement on a number of issues.