COP29 is over, but climate action needs private funding too – here are 4 key ways to make that happen

By Nuno Fernandes, Professor of Financial Management, IESE Business School (Universidad de Navarra)

The United Nations COP29 climate conference has come to a contentious end, with rich countries pledging to mobilise $300 billion annually by 2035 to help poorer countries fight climate change – triple the current funding levels, but far short of what the developing world had hoped for. Delegates from 190 countries worked overtime to avoid leaving Baku empty-handed.

Under the agreement, wealthy nations will pay from a range of sources, including government as well as bilateral and multilateral deals. The agreement also reaffirmed…

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