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COP29 Presidency urges parties to work together to raise climate finance to at least USD 1.3 trillion per year

"Taking into account the views expressed during the consultations, and what we heard from Parties at yesterday’s Qurultay, we have now published updated texts," says the COP29 Presidency's statement issued today, APA reports.

"As a first reflection of Parties indications, the New Collective Quantified Goal decision contains a call on all Parties to work together to scale up financing to developing countries for climate action from all public and private sources to at least USD 1.3 trillion per year by 2035," the statement reads.

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