COP29 gets boost from Rio as G20 leaders back scaling up climate finance from ‘billions to trillions’

# COP29 gets boost from Rio as G20 leaders back scaling up climate finance from ‘billions to trillions’ Climate and Environment The high-level diplomatic push for climate action shifted southward on Tuesday as G20 leaders meeting in Rio sent a clear signal to negotiating teams at stalled UN climate talks in Baku on the need to rapidly and substantially ‘scale up climate finance from billions to trillions from all sources.’ While the statement from the world’s leading economies – and biggest emitters – stopped short of explicit reference of ‘transitioning away from fossil fuels’, to which all nations agreed last year at COP28 in Dubai, the G20 leaders did ‘welcome the balanced, ambitious outcome’ of those talks. **More to follow…**