COP29: Push for agreement on a new climate finance deal ‘right from the start’

COP29 opens in Baku, Azerbaijan with UN Climate Change Executive Secretary Simon Stiell calling for a new global climate finance target to replace the existing $100 billion pledge that expires in 2025. The World Meteorological Organization releases data showing 2015-2024 as the hottest decade on record, with global mean surface air temperature 1.54°C above pre-industrial average from January to September 2024.