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As the New Collective Quantified Goal on climate finance approaches at COP29, China’s stance is drawing significant attention.

COP29 released a draft climate finance proposal on Nov. 21, but key details regarding the scale, sources, and mechanisms of the funding remain unclear. This leaves member countries with the challenge of reaching a consensus in the coming days.

As the United Nations Climate Summit (COP29) enters its second week, what are the latest climate actions and policies from ASEAN countries worth noting?

On the opening day of the United Nations Climate Summit (COP29), a major breakthrough was achieved in global carbon market negotiations. Member countries endorse a United Nations-backed carbon credit trading mechanism.

First week of Baku talks marked by low turnout of leaders, Argentina’s withdrawal, and a gulf between blocs’ demands on a new finance goal.

The United Nations Climate Summit (COP29) is currently in full swing, with ASEAN member states, consisting of developing countries, actively participating.

Developed nations have committed to providing billions of dollars of “climate finance” to developing countries. At the COP29 climate summit, nations must decide on a new global goal to replace the existing target of $100bn each year.

Nations are gathering in Baku, Azerbaijan, for the latest round of UN climate talks, where they will be tasked with setting a target for channelling climate finance into developing countries.

Ahead of COP29, reports have emerged that countries such as the United States and members of the European Union are pushing to expand the list of contributors, requesting countries like Singapore to assume part of the financial responsibility.

Azerbaijan’s economy is highly dependent on fossil-fuel exports, making its economic prospects vulnerable to rising emissions-cutting ambition around the world.

Carbon Forward Asia took place on March 7 in Singapore to delve into carbon markets in the Asia-Pacific region from the perspectives of developers, consultancies, and academics, alongside discussions on the 29th United Nations Climate Summit (COP29), the