Beyond promises: Why COP29 must secure a $1trn climate finance goal for global action
COP29 must set a $1 trillion climate finance goal to fund urgent global action, ensure justice for vulnerable nations and meet critical climate targets.
Mercy Corps is a global organization, 4,000 strong, powered by the belief that a better world is possible. It helps people survive and get back on their feet when natural disaster strikes, economies collapse or conflict erupts. And where there are chronic threats to peace and progress, it partners with communities to overcome obstacles and thrive. Its staff live and work in more than 40 countries facing the world's toughest challenges. It has no political or religious agenda.
COP29 must set a $1 trillion climate finance goal to fund urgent global action, ensure justice for vulnerable nations and meet critical climate targets.
Countries recovering from climate disasters are often supported in the form of recovery loans, but this puts them at risk of an increasing debt burden.