At the climate conference in Baku - already named in advance the "finance COP" - the results of the negotiations on new financing targets and commitments, bundled under the term NCQG (New Collective Quantified Goal), were eagerly awaited. With a goal of annual USD 300 billion of climate finance, the result is disappointing and falls far short of the USD 1.3 trillion per year that experts say is necessary. Other negotiations also proved to be tough. The negotiations on technology development and transfer focused primarily on the structure of the “technology implementation program”.
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