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Home World Europe

Wopke Hoekstra emphasizes EU’s role in climate action

24 November 2024
in Europe
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Wopke Hoekstra emphasizes EU’s role in climate action
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The 2024 UN Climate Change Conference in Baku concluded with EU Commissioner Wopke Hoekstra highlighting the EU’s commitment to boosting climate financing, tripling the target to $100 billion. Emphasizing the importance of assisting vulnerable countries and increasing donor participation, Hoekstra stressed the need for multilateral development banks to attract private funds to achieve the $1.3 trillion target, with COP29 focusing on developing a new plan for climate finance and strengthening global climate action.

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