Cop29 agrees $1.3tn climate finance deal but campaigners brand it a “betrayal”

November 25, 2024

But only $300bn of that will come primarily in the form they are most in need of – grants and low-interest loans from the developed world. The rest will have to come from private investors and a range of potential new sources of money, such as possible levies on fossil fuels and frequent flyers, which have yet to be agreed.