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G20 gives a lifeline to COP29 [Global Gas Perspectives]

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G20 gives a lifeline to COP29 [Global Gas Perspectives]

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Natural Gas News

Summary

The declaration stopped short of mentioning developing nations' voluntary contributions to climate finance, a main sticking point in COP29 talks. by: Charles Ellinas

In what is seen as a boost to COP29, the G20 backed a new climate finance goal. In their joint declaration on November 19, they said “we look forward to a successful New Collective Quantified Goal (NCQG) outcome in Baku,” adding – quite importantly – “we pledge our support to the COP29 Presidency and commit to successful negotiations in Baku.” But it stopped short of mentioning developing nations’ voluntary contributions to climate finance. This is one of the main sticking points in the COP2...

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