Countries at COP29 Commit to Private Finance Initiatives They Can't Directly Control

During the recently held COP29 climate summit, a remarkable turn of events unfolded as participating nations began committing to significant financial pledges aimed at addressing the global climate crisis. However, an intriguing detail emerged – many of these pledges revolve around private financial mechanisms that the countries themselves do not directly control. This juxtaposition raises pivotal questions about the effectiveness and accountability of these initiatives in the long-term battle against climate change.

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