COP29 outcome called worst ever by environment advocates, who say Canada should show $300-billion finance deal is ‘the floor and not the ceiling’

Nearly 200 countries at COP29 agreed to channel at least US$300-billion a year by 2035 to help developing countries ramp up climate action. This falls well-below the $1.3-trillion that developing countries requested. ‘We need to come together to ensure the world can get us off this highway to climate hell.'

A spokesperson for Environment Minister Steven Guilbeault said 'Canada arrived at COP29 ready to work towards a new climate finance goal that increases resources to address one of humanity’s biggest challenges — the climate crisis,' in an emailed statement to The Hill Times on Nov. 29.The Hill Times photograph by Andrew Meade

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BY JESSE CNOCKAERT

December 9, 2024

A disappointing outcome to the recent COP29 in Baku, Azerbaijan—with a finance deal that falls billions short of a target set by developing countries—means Canada needs to show more leadership through a significantly greater financial commitment towards climate action in...

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