EU pledges more climate finance at COP29 Reports from the COP2 climate summit in Azerbaijan show that the European Union has pledged to inc...

 EU pledges more climate finance at COP29

Reports from the COP2 climate summit in Azerbaijan show that the European Union has pledged to increase the amount of money that rich countries provide to help developing countries tackle climate change.

The EU has pledged to increase the amount of money that rich countries provide to help developing countries tackle climate change.

The EU has pledged to increase the amount of money that rich countries provide to help developing countries tackle climate change by $50 billion a year.

The issue of financing has been a major sticking point in reaching an agreement at this year’s conference, with poor countries rejecting an earlier offer of $250 billion.

The EU has been calling for an annual review of the world’s efforts to reduce emissions, but Saudi Arabia is reportedly opposed to this.

The conference was originally scheduled to end on Friday.