Financing Hope: How COP29 Aims to Transform Climate Action Through Economics

The recently convened COP29 has attracted significant attention not just for its agenda but for its strong focus on climate finance, as world leaders, policymakers, and activists gathered with one crucial aim: to unlock billions for climate initiatives. The urgency of the situation has escalated as global temperatures continue to rise, and the impacts of climate change grow more severe. With staggering estimates indicating the need for anywhere between $5 trillion to $7 trillion annually by 2030 for climate adaptation and mitigation, COP29 is making finance its central theme.

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