Mukhtar Babayev emphasized that developing countries need to provide reports on emission reductions and climate spending to build trust and a transparency mechanism between nations.
At Cop29, there will be a focus on setting a new global goal for climate finance to help poorer countries with emission cuts, with requests exceeding $1tn annually, creating potential disagreements.
Babayev stressed the importance of significant funding to assist developing nations in updating their emission plans and aligning with the 1.5C temperature goal, highlighting the crucial role of improved transparency in this process.
#climate-finance #transparency #emission-reductions #global-climate-negotiations #developing-countries
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