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Over 100 Nations Sign $250B Climate Aid Agreement by End of COP29?
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Resolution / Starting Odds
Yes • 50%
No • 50%
Official list of signatories released by COP29 or UNFCCC
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COP29 in Azerbaijan Proposes $250 Billion Annually from Developed Nations by 2035 for Climate Aid to Nearly 200 Nations
Nov 22, 2024, 12:17 PM
At the ongoing COP29 summit in Azerbaijan, a new draft agreement has been proposed, calling for developed nations to contribute $250 billion annually by 2035 to assist developing countries in combating climate change. This proposal marks the first formal financial target set by the presidency of the summit. The draft agreement aims to mobilize international funding to support nearly 200 nations in their climate efforts. The contributions are intended to address the urgent need for climate finance as discussions progress towards a potential consensus among participating countries.
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United States • 25%
European Union • 25%
China • 25%
Other • 25%
Direct government contributions • 25%
Private sector partnerships • 25%
International financial institutions • 25%
Mixed sources • 25%
World Bank Group • 25%
European Investment Bank • 25%
International Finance Corporation • 25%
Other • 25%
New ambitious finance goal set • 25%
Existing finance goals maintained • 25%
No agreement on finance goals • 25%
Other outcome • 25%
Less than $50 billion • 25%
$50 billion to $100 billion • 25%
$100 billion to $150 billion • 25%
More than $150 billion • 25%
Yes • 50%
No • 50%
Europe • 25%
North America • 25%
Asia-Pacific • 25%
Africa • 25%