COP29: Urgent Call to Fund Global Climate Action

At the COP29 summit, UN Secretary-General Antonio Guterres urged global leaders to finance climate action to prevent catastrophic climate changes. Despite absent key figures like President Biden, discussions focus on a global carbon market and financial mechanisms to limit temperature rise to 1.5 degrees Celsius.

At the COP29 summit held in Baku, United Nations Secretary-General Antonio Guterres issued a stark warning to world leaders, demanding urgent financial commitments to stave off catastrophic climate changes.

With influential leaders such as President Joe Biden and Chinese President Xi Jinping absent, the summit focuses on global climate financing and transitioning to cleaner energy amidst a backdrop of pressing environmental challenges.

Amid procedural debates and technical achievements, the summit aims to establish a new carbon market and secure significant climate finance for developing nations to mitigate an 'economy killer' crisis.

(With inputs from agencies.)