🔥 The COP29 climate summit hit the snooze button on Friday as discussions extended beyond the planned schedule. The main point of contention? A draft deal suggesting that developed nations step up to provide a whopping $250 billion annually in climate finance by 2035. 🌍💰 The proposal sparked debates, drawing criticism from various corners.
But not all was storm clouds and tension! ☀️ Towards the end of the day, the COP29 presidency shared a glimmer of hope with the release of what they believe is the final deal on the rules governing carbon markets. This milestone could pave the way for more structured and effective carbon trading systems, a key component in the global fight against climate change. 🌱📈
