BAKU — COP29 deals on finance and carbon markets could lead to billions more dollars flowing around the business world if countries next year can deliver climate plans with clear policies for markets and investment.
Those plans, which are due to the climate body of the United Nations before the next United Nations climate summit in Brazil, need to describe steps for making projects realistic — and less risky.
COP29 President Mukhtar Babayev speaks during a closing plenary meeting at the COP29 United Nations Climate Change Conference, in Baku, Azerbaijan, Nov. 24, 2024. REUTERS PHOTO