Climate change finance needed to help developing countries could reach 'hundreds of billions'--U.N. group

BAKU, Oct 14 (Reuters) - Trillions of dollars are needed to help address the causes and impacts of climate change, but leaders of the upcoming COP29 United Nations climate summit in Azerbaijan say that "hundreds of billions" is realistic for a consensus decision.

 

Negotiators will meet in Baku next month to agree on a new financing goal to replace wealthy nations' current commitment to provide $100 billion each year in climate finance to developing countries.

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