With all eyes on Brazil, COP29 must deliver on climate finance

'I am at best cautiously optimistic,' says Environment Secretary Toni Yulo-Loyzaga, head of the Philippine delegation to COP29

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Money makes a warming world go round. This couldn’t be any more true for this year’s United Nations Climate Change Conference or COP29, where leaders from all over the world gather in Baku, Azerbaijan, to negotiate how much money poor nations need to deal with climate change. “I am at best cautiously optimistic,” Loyzaga said in a statement sent to Rappler on Friday, November 8.

Parties would have to secure climate finance mechanisms ahead of COP30, when countries are expected to finalize their targets toAside from these concerns, Donald Trump’s reelection may pose another threat to meeting emission reduction targets. To recall, Trump formally withdrew the United States from the Paris Agreement in 2020. The US country rejoined in 2021 after President Joe Biden

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