{"id":37165,"date":"2024-04-08T11:55:23","date_gmt":"2024-04-08T11:55:23","guid":{"rendered":"https:\/\/edukemy.com\/blog\/?p=37165"},"modified":"2024-04-08T11:55:25","modified_gmt":"2024-04-08T11:55:25","slug":"climate-finance-road-to-cop29-upsc","status":"publish","type":"post","link":"https:\/\/edukemy.com\/blog\/climate-finance-road-to-cop29-upsc\/","title":{"rendered":"Climate Finance Road to COP29 &#8211; UPSC"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/edukemy.com\/upsc-current-affairs?utm_source=Blog&amp;utm_medium=Banner&amp;utm_campaign=Current+Affairs\" target=\"_blank\" rel=\"noreferrer noopener\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1280\" height=\"300\" src=\"https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/19.png\" alt=\"\" class=\"wp-image-42406\" srcset=\"https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/19.png 1280w, https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/19-1170x274.png 1170w, https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/19-585x137.png 585w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/a><\/figure>\n\n\n\n<p>The road to COP29 is focused on finalizing the New Collective Quantified Goal (NCQG), a crucial annual target for climate finance from developed to developing countries to tackle climate change.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>{GS Paper &#8211; 3 Environmental Pollution &amp; DegradationGS Paper &#8211; 2 Important International InstitutionsConservation}<\/strong>\u00a0<\/p><\/blockquote>\n\n\n\n<p><strong>For Prelims: <\/strong><strong>L<\/strong>oss and Damage Fund, Conference of the Parties (COP 28), New Collective Quantitative Goal, Fossil Fuels&nbsp;<\/p>\n\n\n\n<p><strong>For Mains:<\/strong> Climate Finance and its Significance, Environmental Pollution &amp; Degradation&nbsp;<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_73 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<label for=\"ez-toc-cssicon-toggle-item-69e0f6c9ab1bf\" class=\"ez-toc-cssicon-toggle-label\"><p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-cssicon\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69e0f6c9ab1bf\"  \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/edukemy.com\/blog\/climate-finance-road-to-cop29-upsc\/#Context\" title=\"Context:&nbsp;&nbsp;\">Context:&nbsp;&nbsp;<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/edukemy.com\/blog\/climate-finance-road-to-cop29-upsc\/#The_New_Collective_Quantitative_Goal\" title=\"The New Collective Quantitative Goal:&nbsp;&nbsp;\">The New Collective Quantitative Goal:&nbsp;&nbsp;<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/edukemy.com\/blog\/climate-finance-road-to-cop29-upsc\/#Needed_for_Effective_Climate_Action\" title=\"Needed for Effective Climate Action:&nbsp;&nbsp;\">Needed for Effective Climate Action:&nbsp;&nbsp;<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/edukemy.com\/blog\/climate-finance-road-to-cop29-upsc\/#Prospects_for_a_Realistic_New_Annual_Climate_Finance_Target\" title=\"Prospects for a Realistic New Annual Climate Finance Target:&nbsp;\">Prospects for a Realistic New Annual Climate Finance Target:&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/edukemy.com\/blog\/climate-finance-road-to-cop29-upsc\/#The_Challenges_Regarding_Climate_Finance\" title=\"The Challenges Regarding Climate Finance:&nbsp;&nbsp;\">The Challenges Regarding Climate Finance:&nbsp;&nbsp;<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/edukemy.com\/blog\/climate-finance-road-to-cop29-upsc\/#UPSC_Civil_Services_Examination_Previous_Year_Question_PYQ\" title=\"UPSC Civil Services Examination Previous Year Question (PYQ)&nbsp;\">UPSC Civil Services Examination Previous Year Question (PYQ)&nbsp;<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/edukemy.com\/blog\/climate-finance-road-to-cop29-upsc\/#Prelims\" title=\"Prelims:&nbsp;\">Prelims:&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/edukemy.com\/blog\/climate-finance-road-to-cop29-upsc\/#Mains\" title=\"Mains:&nbsp;\">Mains:&nbsp;<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/edukemy.com\/blog\/climate-finance-road-to-cop29-upsc\/#FAQs\" title=\"FAQs\">FAQs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/edukemy.com\/blog\/climate-finance-road-to-cop29-upsc\/#1_What_is_Climate_Finance\" title=\"1. What is Climate Finance?\">1. What is Climate Finance?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/edukemy.com\/blog\/climate-finance-road-to-cop29-upsc\/#2_What_is_the_Road_to_COP29\" title=\"2. What is the Road to COP29?\">2. What is the Road to COP29?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/edukemy.com\/blog\/climate-finance-road-to-cop29-upsc\/#3_Why_is_Climate_Finance_Important_for_COP29\" title=\"3. Why is Climate Finance Important for COP29?\">3. Why is Climate Finance Important for COP29?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/edukemy.com\/blog\/climate-finance-road-to-cop29-upsc\/#4_What_are_the_Challenges_of_Climate_Finance\" title=\"4. What are the Challenges of Climate Finance?\">4. What are the Challenges of Climate Finance?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/edukemy.com\/blog\/climate-finance-road-to-cop29-upsc\/#5_What_are_the_Expected_Outcomes_of_the_Road_to_COP29_on_Climate_Finance\" title=\"5. What are the Expected Outcomes of the Road to COP29 on Climate Finance?\">5. What are the Expected Outcomes of the Road to COP29 on Climate Finance?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/edukemy.com\/blog\/climate-finance-road-to-cop29-upsc\/#In_case_you_still_have_your_doubts_contact_us_on_9811333901\" title=\"In case you still have your doubts, contact us on 9811333901.&nbsp;\">In case you still have your doubts, contact us on 9811333901.&nbsp;<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/edukemy.com\/blog\/climate-finance-road-to-cop29-upsc\/#Visit_our_YouTube_Channel_%E2%80%93_here\" title=\"Visit our YouTube Channel &#8211;&nbsp;here\">Visit our YouTube Channel &#8211;&nbsp;here<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Context\"><\/span><strong>Context:&nbsp;<\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li>The 2023 UNFCCC COP 28 held in Dubai emphasised the shift away from fossil fuels and committed to tripling renewable energy capacity by 2030.&nbsp;<\/li><li>As preparations for COP29 in Baku gain momentum, the focus shifts towards finance discussions, especially concerning the New Collective Quantitative Goal (NCQG).&nbsp;<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_New_Collective_Quantitative_Goal\"><\/span><strong>The New Collective Quantitative Goal:&nbsp;<\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>The NCQG, effective from 2025, mandates developed nations to annually provide climate finance to developing countries, replacing the unmet pledge of USD 100 billion per year made in 2009.&nbsp;<\/li><li>At COP29 in Baku, Azerbaijan, the negotiation of the NCQG figure will be pivotal, aiming to establish a higher collective amount for wealthy nations to mobilise annually for climate action in vulnerable developing countries.&nbsp;<\/li><li>Securing an adequate NCQG figure is crucial for developing countries, as insufficient climate finance has hindered the implementation of effective climate plans and the building of resilience against the impacts of global warming.&nbsp;<\/li><\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" width=\"600\" height=\"581\" data-src=\"https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/04\/image-15.png\" alt=\"Climate Finance\" class=\"wp-image-37167 lazyload\" data-srcset=\"https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/04\/image-15.png 600w, https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/04\/image-15-585x566.png 585w\" data-sizes=\"(max-width: 600px) 100vw, 600px\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 600px; --smush-placeholder-aspect-ratio: 600\/581;\" \/><figcaption>Climate Finance<\/figcaption><\/figure><\/div>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Needed_for_Effective_Climate_Action\"><\/span><strong>Needed for Effective Climate Action:&nbsp;<\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li>Annual climate finance falls short of the pledged USD 100 billion mobilisation by developed countries from 2020.&nbsp;<\/li><li>Even if met, this amount would only represent a fraction of the funds necessary to achieve the 1.5\u00b0C pathway until 2030. Current evaluations indicate that annual financial needs amount to trillions of dollars.&nbsp;<\/li><li>A 2021 UN Climate Change report estimated that developing countries require approximately USD 6 trillion annually until 2030 to execute their climate action plans, with updated projections expected to raise this figure significantly.&nbsp;<\/li><li>The final agreement at Sharm el-Sheikh suggested that transitioning to a low-carbon economy could demand USD 4-6 trillion annually until 2050.&nbsp;<\/li><li>Tripling renewable energy capacity, as endorsed in Dubai, is projected to cost USD 30 trillion by 2030 according to the International Renewable Energy Association (IRENA).&nbsp;<\/li><li>Combining these assessments indicates an annual necessity of USD 5-7 trillion, approximately 5-7% of global GDP, underscoring the escalating cost of inaction.&nbsp;<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Prospects_for_a_Realistic_New_Annual_Climate_Finance_Target\"><\/span><strong>Prospects for a Realistic New Annual Climate Finance Target:<\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>India has advocated for the NCQG to be a minimum of USD 1 trillion per year, primarily in the form of grants and concessional finance.&nbsp;<\/li><li>However, it&#8217;s improbable that developed nations will pledge an amount close to the assessed requirements, given their track record of failing to mobilise even USD 100 billion annually.&nbsp;<\/li><li>The UN Climate Change Executive Secretary has urged developed countries to enhance climate finance significantly, stressing the necessity for &#8220;trillions, not billions.&#8221;&nbsp;<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_Challenges_Regarding_Climate_Finance\"><\/span><strong>The Challenges Regarding Climate Finance:&nbsp;<\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Insufficient Funds:<\/strong> Limited access to climate finance impedes many developing countries and vulnerable communities from executing adaptation and mitigation measures. Organisations like the UNFCCC are grappling with severe financial constraints, as their budget remains less than half funded.&nbsp;<\/li><li><strong>Lack of Ambition: <\/strong>Developed nations exhibit hesitancy in committing to the requisite scale of funding to tackle the climate crisis, particularly in offering grants and concessional finance to developing countries.&nbsp;<\/li><li><strong>Transparency and Accountability: T<\/strong>ransparent and inclusive monitoring processes are essential to gauge the delivery of climate finance commitments, ensuring equitable distribution and effective utilisation of funds.&nbsp;<\/li><li><strong>Ensuring Equity and Justice:<\/strong> Prioritising equity and justice in the distribution and utilisation of climate finance is imperative, considering the needs and priorities of vulnerable communities disproportionately affected by climate change.&nbsp;<\/li><li><strong>Mobilising Private Finance: <\/strong>While public finance from developed nations is vital, mobilising private sector investment and leveraging innovative financial mechanisms pose challenges in expanding climate finance.&nbsp;<\/li><li><strong>Capacity Building and Technology Transfer:<\/strong> Climate finance should encompass not only monetary aid but also capacity building and technology transfer to empower developing countries in implementing climate action and transitioning to low-carbon economies.&nbsp;<\/li><li><strong>Debt Burdens: <\/strong>Climate finance requirements exacerbate the existing debt burdens of many developing nations, raising concerns regarding their ability to access and repay loans for climate-related initiatives.&nbsp;<\/li><li><strong>Economic Impacts:<\/strong> The global economic slowdown and competing priorities may hinder developed nations from allocating substantial resources toward climate finance efforts.&nbsp;<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"UPSC_Civil_Services_Examination_Previous_Year_Question_PYQ\"><\/span><strong>UPSC Civil Services Examination Previous Year Question (PYQ)<\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Prelims\"><\/span><strong><em>Prelims:<\/em><\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>Q. With reference to the Agreement at the UNFCCC Meeting in Paris in 2015, which of the following statements is\/are correct? (2016)<\/strong>&nbsp;<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>The Agreement was signed by all the member countries of the UN, and it will go into effect in 2017.\u00a0<\/li><li>The Agreement aims to limit greenhouse gas emissions so that the rise in average global temperature by the end of this century does not exceed 2\u00baC or even 1.5\u00baC above pre-industrial levels.\u00a0<\/li><li>Developed countries acknowledged their historical responsibility in global warming and committed to donate $ 1000 billion a year from 2020 to help developing countries to cope with climate change.\u00a0<\/li><\/ol>\n\n\n\n<p><strong>Select the correct answer using the code given below:<\/strong>&nbsp;<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>1 and 3 only\u00a0<\/li><li>2 only\u00a0<\/li><li>2 and 3 only\u00a0<\/li><li>1, 2 and 3\u00a0<\/li><\/ol>\n\n\n\n<p><strong>Ans: B<\/strong>&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Mains\"><\/span><strong><em>Mains:<\/em><\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>Q:1<\/strong> Describe the major outcomes of the 26th session of the Conference of the Parties (COP) to the United Nations Framework Convention on Climate Change (UNFCCC). What are the commitments made by India in this conference? <strong>(2021)<\/strong>&nbsp;<\/p>\n\n\n\n<p><strong>Q:2 <\/strong>Explain the purpose of the Green Grid Initiative launched at the World Leaders Summit of the COP26 UN Climate Change Conference in Glasgow in November 2021. When was this idea first floated in the International Solar Alliance (ISA)? <strong>(2021)<\/strong>&nbsp;<\/p>\n\n\n\n<p><a href=\"https:\/\/indianexpress.com\/article\/explained\/explained-climate\/climate-finance-developed-countries-9234185\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Source: (IE<\/strong><\/a><strong>) (<\/strong><a href=\"https:\/\/www.downtoearth.org.in\/blog\/climate-change\/new-climate-finance-goal-too-many-options-too-little-time--95202\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>DT<\/strong><\/a><strong>E)<\/strong>\u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_What_is_Climate_Finance\"><\/span><strong>1. What is Climate Finance?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Climate finance refers to financial resources allocated to address climate change. This includes funds for mitigation (reducing greenhouse gas emissions), adaptation (responding to the impacts of climate change), and capacity building (supporting developing countries in their climate action efforts).<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_What_is_the_Road_to_COP29\"><\/span><strong>2. What is the Road to COP29?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The Road to COP29 refers to the series of meetings and events leading up to the 29th Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change (UNFCCC). These events provide a platform for countries to discuss progress on climate action and negotiate new agreements.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_Why_is_Climate_Finance_Important_for_COP29\"><\/span><strong>3. Why is Climate Finance Important for COP29?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Climate finance is critical for achieving the goals of the Paris Agreement, which aims to limit global warming to well below 2\u00b0C, preferably to 1.5\u00b0C, compared to pre-industrial levels. Developed countries have committed to providing financial support to developing countries to help them mitigate and adapt to climate change.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_What_are_the_Challenges_of_Climate_Finance\"><\/span><strong>4. What are the Challenges of Climate Finance?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>There are several challenges associated with climate finance, including:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Mobilizing sufficient resources: Meeting the financial needs of developing countries requires a significant increase in public and private climate finance.<\/li><li>Ensuring equitable distribution: Climate finance needs to be distributed fairly among developing countries, taking into account their vulnerabilities and needs.<\/li><li>Accessing finance: Developing countries often face challenges in accessing climate finance due to complex procedures and eligibility requirements.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_What_are_the_Expected_Outcomes_of_the_Road_to_COP29_on_Climate_Finance\"><\/span><strong>5. What are the Expected Outcomes of the Road to COP29 on Climate Finance?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The Road to COP29 is expected to result in progress on several key issues related to climate finance, such as:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Increased pledges of financial support from developed countries<\/li><li>Improved access to climate finance for developing countries<\/li><li>Agreement on new mechanisms for mobilizing climate finance<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"block-c6ab63ae-7083-4831-b519-cb89dacafb18\"><span class=\"ez-toc-section\" id=\"In_case_you_still_have_your_doubts_contact_us_on_9811333901\"><\/span><strong>In case you still have your doubts, contact us on 9811333901.<\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p id=\"block-52c5a91b-6ed6-46e3-b781-7cc0c63a0b76\">For UPSC Prelims Resources,&nbsp;<a href=\"https:\/\/edukemy.com\/upsc-cse-prelims-resource-centre\" target=\"_blank\" rel=\"noreferrer noopener\">Click here<\/a><\/p>\n\n\n\n<p id=\"block-d014fe86-d628-49d8-82ce-6c60dc6e7a73\">For Daily Updates and Study Material:<\/p>\n\n\n\n<p id=\"block-38177954-e668-4d8d-b250-d0fbd5a09390\">Join our Telegram Channel &#8211;&nbsp;<a href=\"https:\/\/t.me\/WithEdukemy4IAS\" target=\"_blank\" rel=\"noreferrer noopener\">Edukemy for IAS<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\" id=\"block-49ca2fe3-109f-4a88-b72e-9df49c3d328e\"><li>1. Learn through Videos &#8211;&nbsp;<a href=\"https:\/\/bit.ly\/3vOD8sU\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><\/li><li>2. Be Exam Ready by Practicing Daily MCQs &#8211;&nbsp;<a href=\"https:\/\/bit.ly\/3Q9z2nF\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><\/li><li>3. Daily Newsletter &#8211; Get all your Current Affairs Covered &#8211;&nbsp;<a href=\"https:\/\/bit.ly\/3bE2y5J\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><\/li><li>4. Mains Answer Writing Practice &#8211;&nbsp;<a href=\"https:\/\/bit.ly\/3mZuVxl\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"block-43ccddc1-5348-445f-ab6b-7baaf29fe58d\"><span class=\"ez-toc-section\" id=\"Visit_our_YouTube_Channel_%E2%80%93_here\"><\/span>Visit our YouTube Channel &#8211;&nbsp;<a href=\"https:\/\/www.youtube.com\/@EduKemyforIAS\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><span class=\"ez-toc-section-end\"><\/span><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>The road to COP29 is focused on finalizing the New Collective Quantified Goal (NCQG), a crucial annual target for climate finance from developed to developing countries to tackle climate change.<\/p>\n","protected":false},"author":17,"featured_media":37166,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[265],"tags":[3052,161,232,140],"class_list":["post-37165","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs","tag-cop29","tag-daily-current-affairs-upsc","tag-upsc","tag-upsc_preparation_strategy"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/posts\/37165","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/comments?post=37165"}],"version-history":[{"count":1,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/posts\/37165\/revisions"}],"predecessor-version":[{"id":37168,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/posts\/37165\/revisions\/37168"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/media\/37166"}],"wp:attachment":[{"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/media?parent=37165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/categories?post=37165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/tags?post=37165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}