Cop28: Projects which most need climate funds are not getting enough

After Brazil announced its intention to join the OPEC+ group of oil-producing nations, it will be interesting to see how Cop30, slated to take place in the Amazonian city of Belem, plays out

People dressed as pikachu protest fossil fuels at the Cop28 Summit. Photo: AP/Peter Dejong

Finance Day at Cop28 began with the United Arab Emirates pledging $270bn in green finance by 2030. 

With this announcement came the discussion of a report in the Global Climate Action Arena in the Blue Zone. Cop28 has two zones—the Blue Zone, where decisions are made, and the Green Zone, focused on innovation, collaboration, and showcasing climate solutions.