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The COP29 summit, aptly dubbed the "Finance COP", transcends the routine of climate negotiations, serving as a crucial indicator of global resolve in financial mobilisation for climate action. Central to its agenda is the redefinition of the New Collective Quantified Goal (NCQG) for climate finance. Established initially at COP15 in 2009, this goal ambitiously aims to gather $100 billion annually to support developing nations in their climate mitigation and adaptation endeavors.
When the world talks sustainability, it’s good to know what they’re talking about. RMB is here to help you understand the insights and impact of all the COP29 outcomes.