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EU must support COP29’s ambitious financing commitments, commission says

( November 8, 2024, 13:32 GMT | Official Statement) -- MLex Summary: EU negotiators will work to ensure that "global financial flows are increasingly aligned with the Paris Agreement" through the adoption of a New Collective Quantified Goal on Climate Finance at the upcoming COP29 summit, the European Commission has said. This goal will be the main priority of this year's discussions and the EU aims to support a global effort to mobilize climate finance. The EU will also work to set ambitious expectations for new national pledges to cut emissions — the Nationally Determined Contributions — to be submitted next year, the commission said....

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