Groups demand climate finance ahead of G7 summit

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FILIPINO climate campaigners joined a worldwide call for climate finance that will enable developing countries, such as the Philippines, to address climate change in anticipation of the 50th Group of 7 Summit on June 13, 2024.

The target amount of climate finance that must be raised for the Global South, will be a big agenda item at the climate negotiations at COP29 in December, according to the climate activists.They added that COP29 “is expected to set the new collective quantified goal for climate finance, which will replace the previous goal of $100 billion a year pledged by Global North governments.

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