An open letter from over 20 climate experts, including Ban Ki-moon and Mary Robinson, calls for urgent reforms to the COP process to enhance effectiveness.
COP29 President Mukhtar Babayes expressed optimism about progress, noting that discussions focused on the new collective quantified goal for climate finance are complex yet promising.
The letter outlines seven necessary reforms, emphasizing improved climate financing tracking, integrating scientific evidence, and establishing strict eligibility criteria for hosting COP meetings.
Despite the difficulties, Babayes remarked that positive signals from financial institutions indicate potential increases in contributions for the upcoming years, illustrating a momentum for climate financing.
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