New finance target in COP29 outcome could help developing countries set stronger targets, says Singapore minister

A view during a closing plenary meeting at the COP29 United Nations Climate Change Conference, in Baku, Azerbaijan November 24, 2024. - Photo: Reuters

SINGAPORE (The Straits Times/ANN): The new climate finance target agreed upon at the UN climate conference COP29 will provide developing countries with capital to implement their green plans, and could help them set more ambitious emissions-cutting goals when new targets are due in 2025.

“For Singapore, we are very focused on (achieving our climate targets),” said Minister for Sustainability and the Environment Grace Fu. “We are very focused on implementation, but we also like to see the rest of the world equally committed to their targets.”