Developing countries are demanding $1.3 trillion annually to address loss and damage, adapt to climate impacts, and transition to clean energy systems. However, developed nations have so far offered proposals falling significantly short of this figure.
The host presidency has promised to release the first full draft text on Thursday morning, but immediately clarified that it was not the final text but aiming to provide a starting point for resolution. Lead negotiator Yelchin Rafiyev expressed cautious optimism, describing the draft as a "clear step forward," though substantial decisions remain unresolved.
This story is from the November 21, 2024 edition of The New Indian Express.
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This story is from the November 21, 2024 edition of The New Indian Express.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
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