Youth Activists demand Climate Action Ahead of COP29

As COP29 approaches, Bangladeshi youth climate activists are demanding an urgent revision of the Integrated Energy and Power Master Plan (IEPMP), criticizing its reliance on costly, unproven technologies and advocating for a transition to renewable energy. In 2023, global climate finance from multilateral development banks reached a record $125 billion, with a notable 30% increase in funding for high-income economies, while low- and middle-income nations saw a 23% rise. Canada is urged to provide clearer investment frameworks for low-carbon projects to secure billions necessary for its decarbonization goals. Concurrently, the World Bank announced it delivered $42.6 billion in climate financing in FY2024, marking a 10% increase from the previous year. A coalition of nations is pushing the G20 to enhance climate finance and shift away from fossil fuels, emphasizing the need for substantial funding for developing countries to combat climate change effectively. The urgency for collaborative action to address climate issues is echoed across various stakeholders as they prepare for upcoming global climate discussions.