IPBES nexus report: Five takeaways for biodiversity, food, water, health and climate
COP29 Baku
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This week in data:
At COP29 in Baku, developed-country parties such as the EU, the US and Japan agreed to help raise “at least” $300bn a year by 2035 for climate action in developing countries. This target faced a strong backlash – and a closer inspection of climate-finance data helps to explain why.
Carbon Brief analysis showed how pledges from before the COP29 deal would already bring climate finance up from $115.9bn in 2022 to around $200bn by 2030. Counting contributions from developing countries – something “encouraged” under the new goal – could raise this to $265bn. These pre-existing funds mean the target is achievable for developed countries with virtually “no additional budgetary effort”, according to experts.
