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COP29: Critical Climate Initiatives and Global Funding Disputes

As nations gather for COP29 in Baku, the urgent need for hundreds of billions in climate funding is at the forefront of discussions, highlighting tensions between developed and developing nations. The new UN rules on carbon markets, adopted during the conference, aim to enhance accountability and support ambitious climate goals. Meanwhile, climatologists emphasize that 90% of carbon emissions stem from fossil fuels, stressing the immediate need for a transition to sustainable energy sources. Valérie Masson-Delmotte has conveyed that only substantial collective commitment can mitigate climate change effectively. Greece is actively participating with a national pavilion, aiming for coordinated climate action, fostering regional and global partnerships for sustainability in the framework of COP29.

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