COP29: Urgent Climate Finance Solutions for Developing Nations Needed, Warns Guterres

UN Secretary-General Antonio Guterres has called on world leaders at the COP29 summit to prioritize climate finance support for developing nations. Highlighting the disproportionate impact of climate change on these countries, Guterres emphasized the need for developed nations to provide financial aid and technology to facilitate effective climate action.

At COP29's World Leaders Climate Action Summit, UN Secretary-General Antonio Guterres urged leaders to dismantle barriers to climate finance, stressing that developing countries must not exit Baku without support.

Guterres highlighted the disproportionate climate change impacts on poorer nations and the pressing need for a comprehensive finance deal, especially with 2024 poised to be the hottest year recorded.

He called for tangible commitments, including a five-point finance plan, technological aid, and increased adaptation funding, to avoid COP29 ending ineffectively for developing regions.

(With inputs from agencies.)