Source: COP29 Agreement Says Someone Should Pay to Help Developing Countries, but Not Who
fta:
“Importantly, China, which is still considered a developing country under the 1992 agreements that govern climate action, has not had its status changed, meaning that it is not obliged to help with climate financing. It has long been called upon to contribute through the COP process, on the basis that it leads the world in aggregate emissions and is the world’s second-largest economy. Now, for the first time, China will make a voluntary contribution via the COP system, but this will not result in an obligation to do so.”
will be interesting to see what, if any, China contributes voluntarily.
