Record-breaking floods in Spain, violent storms in Florida and wildfires in South America – these are just a few examples of the extreme weather events accelerating and intensifying across the world. With the cost of inaction clearer than ever, financing for clean alternatives to the fossil fuels which are driving climate change will be top of the agenda at this year's UN climate conference, COP29.

The context in which COP29 begins in Baku, Azerbaijan on November 11 is critical but not hopeless.

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