These statistics – published by the European Council – come in light of its preparations for participation in the Conference of the Parties COP29 About change Climate It is scheduled to launch in Baku on November 11th.
According to data collected by the European Commission, nearly half of public climate financing for developing countries has been directed towards climate adaptation or comprehensive actions including climate change mitigation and adaptation initiatives. Grant-based financing represents a large share (about 50 percent). From the general contribution of the European Union and Member States.
