By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Independent News ExpressIndependent News Express
  • Home
  • International
    InternationalShow More
    United Nations
    4th International Conference On Financing For Development Delivers Renewed Hope And Action For Sustainable Development
    3 months ago
    The African Development Bank and the United Nations Human Settlements Programme (UN-Habitat) scale up drive for sustainable urbanization in Africa
    AfDB, UN-Habitat Scale Up Drive For Sustainable Urbanisation In Africa
    3 months ago
    UN
    North Africa: Green Climate Fund Approves Record $300m For FAO-designed Projects In Papua New Guinea, Saint Lucia, The Sahel
    3 months ago
    UNICEF
    How Wars Across Middle East, North Africa Affecting Children – UNICEF
    3 months ago
    UNDP
    UN Development Programme Welcomes Historic Deal On Sustainable Development Even Amidst Global Turmoil
    3 months ago
  • Africa
    Africa
    Show More
    Top News
    Africa Leaders Summit: US To Strengthening Partnerships To Meet Shared Priorities
    3 years ago
    President Ruto Rallies Kenyans To Move Nation Forward
    3 years ago
    Tanzania: United Nations Steps Up Efforts To Build Climate Resilience
    2 years ago
    Latest News
     South Africa’s Think 20: Experts Address How Africa Can Bridge Digital Divide And Achieving Financial Inclusion
    4 days ago
    U.S. Africa Command Commander Visits West Africa, Underscores Partnership In Addressing Evolving Terrorism Threat
    1 week ago
    West Africa Regional Preparatory Workshop For COP30 On Climate Change Opens In Dakar
    1 week ago
    Systemic Racism Against Africans And People Of African Descent In Criminal Justice Systems Is Pervasive
    1 week ago
  • Corporate News
    • Media Outreach
  • Politics
    Politics
    Show More
    Top News
    Tinubu’s Ambition Suffers Setback, As Coalition Of APC Groups Shift Support To Atiku/Okowa Presidency 2023
    3 years ago
    PAN Chief Congratulates Akwa Ibom Governor-Elect, Says He’s Inspiration To Persons Living With Albinism 
    3 years ago
    Rejected Nominees: Lagos Assembly Action Was In Order, Obasa Declares
    2 years ago
    Latest News
    NSC Chairman To Engage With Youth And Sports Stakeholders At The Nest Centre
    2 months ago
    Edo District Bye-election: SDP Candidate, Hon. Isidahomhen Promises To Pursue Best Interest Of Esanland 
    2 months ago
    PHOTOS: Vinod Obasa Takes Oath Of Office
    2 months ago
    Gov Adeleke’s Outburst Against Aregbesola Shows Sign Of A Drowning Man – ADC Group
    3 months ago
  • News
    • Agriculture
    • Breaking News
    • Tech
    • Maritime
    • Crime
    • Art & Culture
    News
    Show More
    Top News
    Pa Abdulfatah Amoo Ayanwale
    Pa Ayanwale Dies At 76, Fidau Prayers Holds 8 August
    2 years ago
    Ondo Governor, Akeredolu Begins Construction Of First Flyover In Akure
    2 years ago
    Celebration Of Life: Reverend Adewumi Jegede Of Later House Of God Assembly Buried Amid Pomp
    1 year ago
    Latest News
    Lagos Hosts Eko Skills Development Initiative For Youths
    22 hours ago
    October 1: Nationhood Must Translate Into Better Living Conditions For Nigerians, CAPPA Tells FG
    2 days ago
    EX-APC Chairman Sad Over Bandit Killings In Oke-Ode And Other Parts Of Kwara 
    4 days ago
    Zion Prayer Movement Outreach Debunks Attack On Evang Ebuka Obi
    5 days ago
  • Entertainment
    • Comedy
    • Movies
    • Music
    • Television
    • Concert & Events
    Entertainment
    Show More
    Top News
    Keep Up With Gripping Story Of ‘The Rishantes’ Showing On GOtv 
    3 years ago
    DStv Media Sales – MIPAN Conference Explores Role Of Video Content In Building Brand Loyalty
    2 years ago
    Sporting Lagos Beat Remo Stars To Emerge Naija Super 8 Champions
    2 years ago
    Latest News
    GOtv Stream vs. Traditional TV: Why Viewers Are Loving the Flexibility
    1 week ago
    Securing Africa’s Digital Future: Entertainment in Safe Hands
    2 weeks ago
    BBNaija S10: Joanna, Mide, and Isabella Clash as Denari and Tracy Exit the House
    3 weeks ago
    Akamai Adaptive Media Player 2: Bitmovin And Akamai Set New Streaming Standard
    3 weeks ago
  • Lifestyle
    • Fashion
    • Love & Life
    • Food & Drink
    • Travel & Tourism
    • Relationship
    • Sex
    Lifestyle
    Show More
    Top News
    Ilara-Epe Kingdom To Confer Chieftaincy Title On Trinidad and Tobago Envoy
    2 years ago
    Kida, Ejidike Felicitate With Nigerians On Christmas And New Year Celebrations 
    3 years ago
    Heritage Confectionery
    ADICC set for Irish African Food Festival
    1 year ago
    Latest News
    Ambassador Raffy Bello Greets Imperial Majesty, Ooni Enitan-Ogunwusi, As Olojo Festival Begins In Ile-Ife
    1 week ago
    Preserving African Culture: Polaris Bank , Chivita, And Danone Support CIKDAS’ Youth Literary Initiative
    4 weeks ago
    Nigeria, Switzerland Takes Major Steps Towards Repatriation Of Artifacts And Cultural Cooperation
    1 month ago
    Archbishop Ugorji Hails St. Helen’s Choir As One of the Best Choirs in Owerri Archdiocese
    1 month ago
  • Business
    • Banking & Finance
    • Oil & Gas
    BusinessShow More
    Unity Bank Shareholders Approve Merger With Providus Bank
    6 days ago
    Yomi Joseph Digital Pr Launches 360° Marketing Solutions To Transform Brands Into Industry Leaders
    1 week ago
    Gov Abiodun Showcases Ogun Investment Opportunities At AfCFTA In Algeria
    3 weeks ago
    Intra-African Trade Fair
    Nigeria To Host Intra-African Trade Fair In 2027
    4 weeks ago
    Bank of Agriculture
    How Nigeria-Brazil Pact Will Boost Agricultural Investment, Food Security – BOA
    1 month ago
  • Health
    Health
    Show More
    Top News
    South Africa’s Cannabis Growers In Pondoland Left Behind By Legalisation Plans
    3 years ago
    WHO
    WHO Expands Health Services Support For Vulnerable Populations In Nigeria’s Northeast
    3 years ago
    trachoma
    WHO Commends Benin, Mali For Eliminating Trachoma As Public Health Problem
    2 years ago
    Latest News
    2025 World Pharmacist Day: Lagos Takes Healthcare To Ikorodu Communities
    3 days ago
    World Heart Day: Adopt Healthy Food Policies, CAPPA Tasks FG, States
    4 days ago
    Lagos Takes Fight Against HIV To Communities
    6 days ago
    Nigeria’s Health Financing: Lessons From Canada’s $32.5bn Tobacco Settlement
    2 weeks ago
  • More
    • Sports
    • Aviation/Transportation
    • Deliverance Hour
    • Industry & Labour
    • Insurance
    • Interview
    • Judiciary
    • Metro
    • Opinion
    • Property
    • Religious
    • Romance
    • Science & Discovery
Reading: UNFCCC Unveils $300b Annual Climate Finance Goal to Drive Action
Share
Notification Show More
Aa
Independent News ExpressIndependent News Express
Aa
  • Home
  • International
  • Africa
  • Corporate News
  • Politics
  • News
  • Entertainment
  • Lifestyle
  • Business
  • Health
  • More
Search
  • Home
  • International
  • Africa
  • Corporate News
    • Media Outreach
  • Politics
  • News
    • Agriculture
    • Breaking News
    • Tech
    • Maritime
    • Crime
    • Art & Culture
  • Entertainment
    • Comedy
    • Movies
    • Music
    • Television
    • Concert & Events
  • Lifestyle
    • Fashion
    • Love & Life
    • Food & Drink
    • Travel & Tourism
    • Relationship
    • Sex
  • Business
    • Banking & Finance
    • Oil & Gas
  • Health
  • More
    • Sports
    • Aviation/Transportation
    • Deliverance Hour
    • Industry & Labour
    • Insurance
    • Interview
    • Judiciary
    • Metro
    • Opinion
    • Property
    • Religious
    • Romance
    • Science & Discovery
Have an existing account? Sign In
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Independent News Express > Blog > Environment > UNFCCC Unveils $300b Annual Climate Finance Goal to Drive Action
Environment

UNFCCC Unveils $300b Annual Climate Finance Goal to Drive Action

Last updated: 2025/03/24 at 7:52 AM
6 months ago
Share
United Nations Framework Convention on Climate Change
SHARE

The United Nations Framework Convention on Climate Change (UNFCCC) has announced a landmark annual climate finance goal of $300 billion, marking a critical step in strengthening global climate resilience and accelerating the transition to clean energy.

The agreement, reached at COP29 in Baku, builds on previous commitments from COP27 in Egypt and COP28 in Dubai.

UNFCCC Executive Secretary Simon Stiell explained that while the goal does not fully meet the expectations of all parties, it represents a significant milestone in mobilizing resources for climate action.

Stiell said that the financial commitment, alongside broader efforts to mobilize $1.3 trillion, will support vulnerable communities, enhance economies, and drive real-world climate solutions.

- Advertisement -
Ad imageAd image

He admitted that the goal may fall short for some stakeholders, but maintained that it would still lead to transformative change, benefiting millions of businesses and communities globally.

Developing nations, which are disproportionately affected by climate change, stand to gain the most from this increased funding, which will aid in adaptation, mitigation, and resilience-building efforts.

Beyond climate finance, COP29 also marked a breakthrough in carbon market negotiations, ending nearly a decade of stalled discussions.

This resolution is expected to facilitate the implementation of climate action plans more effectively and at lower costs, thereby accelerating global decarbonization.

By removing barriers in the carbon market framework, countries can now leverage market mechanisms to achieve emissions reduction targets more efficiently.

Another key development at COP29 was the heightened focus on transparency.

A total of 88 countries submitted their first Biennial Transparency Reports (BTRs) by the end of the year, a milestone in monitoring and strengthening climate commitments under the Paris Agreement.

Stiell underscored the importance of these reports in fostering trust and accountability, noting that they will help track global progress and pinpoint gaps in implementation.

In addition to finance and transparency, COP29 reinforced support for National Adaptation Plans (NAPs), which are designed to help vulnerable nations build long-term resilience against climate shocks.

Strengthened backing for these plans is expected to provide communities with the necessary resources to withstand extreme weather events and shifting climate patterns.

Looking ahead, the global community is preparing for COP30 in Belém, Brazil, where efforts will continue to build on COP29’s achievements.

The UNFCCC also announced the resumption of Climate Weeks in 2025, beginning with Panama from May 19 to 23, to further align international climate action with the Paris Agreement.

Stiell affirmed the organization’s commitment to ensuring another productive year in global climate cooperation.

You Might Also Like

Four African Cities Awarded CRA’s African Urban Heat Resilience Grants 

At Stakeholders’ Meeting, Obasa Vows To Transform Agege LG Into A Model Cleanliness

CAPPA Faults Lagos PPP Water Plans, Maintains Stand Against Water Privatisation

Residents Of Festac Town Hail Amuwo – Odofin LG Boss For Clearing Shanties And Miscreants

UNIDO Partners Abuja For Japan-funded Pilot Plastic Recycling Plant

TAGGED: United Nations Framework Convention on Climate Change
INadminNG March 24, 2025 March 24, 2025
Share This Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Telegram Email Print
Previous Article African water facility AfDB, African Water Facility, Association of European Development Finance Institutions to hold Investment Event for Water and Sanitation in Africa
Next Article Rugby Returns To Warriors With A Rumble Match
about us

Independent News Express (iNews Express), a publication of 4Ds Nigeria Limited, is birthed out of the desires of the founding fathers to report News as it is.

We value Professionalism, Excellence, Service, Creativity and Integrity.

The Company

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy

Quick Links

  • Advertise with us
  • Newsletters
  • Deal

Categories

Find Us on Socials

© Independent News Express. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?