‘Finance Day’ at COP29 galvanises debate about numbers, sees first activists’ protests

It was “Finance Day” here at COP29 on Day 4. Most events and meetings have focused on finance, one of the core topics of this climate summit. Although progress on the final outcome is moving slowly, negotiators have been dealing with a range of issues, from access to funds to facilitating the flow of climate resources.

Numbers and how much overall funding should amount to, have also taken centre stage.

A new report released on Thursday by the Independent High-Level Expert Group on Climate Finance (IHLEG) suggests that talks should focus on reaching up to $1.3 trillion by 2035.

Sherry Madera, CEO of CDP, a global non-profit that runs the world’s environmental disclosure system for companies, cities, states and regions to manage their environmental impacts, told Euronews: