"The new finance goal is an insurance policy for humanity, amid worsening climate impacts hitting every country. But, like any insurance policy - it only works - if premiums are paid in full and on time,"
Simon Stiell, Executive Secretary, UNFCCC
"There is not enough resources in the fiscal systems of governments or in our balance sheets to make this transition happen the way it needs to. We have to get the private sector involved ... You have to make that money predicable, as a return and good enough return, for them to invest here."
Ajay Banga, President, World Bank
"COP29 is more likely to be remember by the majority of the climate community for the highly-charged atmosphere in which it ended, and for the underwhelming agreement on climate finance, rather than for bringing nine years of work on carbon markets to a successful end.
But, in time, it may be that the completion on Article 6 will help heal the wounds of Baku, unleashing billions in investment into emission reductions and removals around the world."
IETA
