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Nearly 200 countries are meeting in Azerbaijan to discuss a new climate finance goal. The goal is to help the worlds poorest economies deal with climate change. Developed countries are saying they do not have enough money. They are suggesting a large part of the funding should come from private sources like banks.
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Negotiations for a new climate finance goal at COP29 in Baku hit a roadblock as developing countries, including the G77 and China, rejected proposals that they perceived as shifting the financial burden away from wealthy nations. The developing countries insist that developed countries should bear the primary responsibility for providing climate finance, as stipulated in the existing agreements.
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Homebase enters administration, but The Range buys up to 70 stores and the brand.
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