Reacción a "COP29 agrees rich countries to provide $300 billion to poorer countries for climate finance"

COP29 in Baku ended with two tangible outcomes: a commitment by developed countries to invest at least $300 billion a year in the global fight against climate change and agreement on rules for a UN-backed global carbon market.

As usual at COPs, the results of this one were also less than expected. In particular, with regard to financial assistance to developing countries, the result is less than demanded (more than one trillion dollars).

However, as usual, it is better to look on the bright side: some agreements have been reached and the process of combating climate change is still on track, even if it is making less progress than we would like. As long as there is no better mechanism for combating climate change, we need to keep the one we have alive.