The conference agreed a new collective quantified goal calling for at least $300 billion a year for developing countries by 2035 and a broader effort to scale finance. Many developing states argued the figure fell short of needs and retained disputes over who pays, grants versus loans and historic responsibility.
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Ibrahim Mahama, The Harvest Season (Le Temps des récoltes)
📅 22 Oktober 2026
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What was the central issue of COP29’s new collective quantified goal?
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The agreement established a new climate finance goal, with ongoing disputes over adequacy and responsibility.
COP29 established a new climate finance goal, and developing states still debated its adequacy.
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The agreement was criticized by many developing countries as insufficient to meet needs.