COP29 Climate Finance Draft Proposes $250 Bn Target from Wealthy Countries

29 Nov 2024 CW Team

At COP29, the presidency released a new draft climate finance deal proposing that developed nations contribute $250 billion annually by 2035 to help developing countries cope with the worsening impacts of climate change. This proposal is part of a broader plan to raise $1.3 trillion annually by 2035, sourced from both public and private funds, aimed at assisting poorer nations in reducing emissions and adapting to climate change.

The proposal has sparked debate among negotiators, with some European representatives arguing that the target is too high and that there is insufficient focus on broadening the number of contributing countries. However, the goal of the agreement is to address the critical financial needs of countries disproportionately affected by climate change, which are struggling to mitigate its effects while transitioning to greener energy sources.

Governments at COP29, held in Baku, Azerbaijan, are attempting to finalize this ambitious climate finance framework, which would provide essential financial support to the most vulnerable nations. The deal also seeks to ensure a fair distribution of contributions from wealthier nations to assist poorer regions in their green energy transitions and climate change mitigation efforts. Talks are ongoing, with negotiators seeking a final agreement on the level of contributions and the structure of the funding.

Technology

05 Dec 2025

VIAVI and QNu Labs Partner to Advance Quantum-Safe Network Security

Viavi Solutions Inc. (VIAVI) and QNu Labs have entered into a strategic partnership to develop quantum-safe security and advanced network intelligence technologies aimed at protecting critical infrastructure from emerging quantum threats. The partnership marks the first phase toward establishing a global industry consortium to accelerate open collaboration in quantum-secure communications across sectors.With the growth of quantum-safe technologies, ensuring resilience and reliability at the optical layer has become essential as quantum systems integrate with existing physical infrastructure. T..

India, Russia Hold 22nd Defence Commission Meet in New Delhi

Raksha Mantri Rajnath Singh and Russia’s Defence Minister Mr Andrei Belousov co-chaired the 22nd India–Russia Inter-Governmental Commission on Military and Military Technical Cooperation (IRIGC-M&MTC) at the Manekshaw Centre in New Delhi on 4 December 2025. Both sides reaffirmed that the longstanding bilateral relationship is anchored in mutual trust, shared principles and deep respect. The meeting comes ahead of the 23rd India–Russia Annual Summit between Prime Minister Narendra Modi and President Vladimir Putin.During the session, Rajnath Singh reiterated India’s commitment t..

ITU–TRAI Workshop on QoS and QoE Begins in Bhubaneswar

The Telecom Regulatory Authority of India (TRAI), in collaboration with the International Telecommunication Union (ITU), inaugurated the ITU–TRAI Workshop on Performance, Quality of Service and Quality of Experience in Bhubaneswar. The two-day international programme convened National Regulatory Authorities (NRAs), service providers and technical specialists from around the world to strengthen collaborative approaches to telecom service-quality frameworks. The inaugural ceremony featured a lamp-lighting, followed by a welcome address from Atul Kumar Chaudhary, Secretary, TRAI, and the inaugu..