The European Parliament’s environment committee urges the EU to encourage major economies to contribute to a global climate adaptation fund at COP29, while showing hesitance on phasing out fossil fuels. A new climate finance goal post-2025 is proposed, requiring about a trillion dollars annually, with a focus on developing countries. Despite recognizing the need for a fossil fuel phase-out, no specific date was set. The committee criticized Azerbaijan's hosting of COP29 due to its heavy reliance on oil and gas and human rights concerns. A cross-party delegation will attend, but their role is mainly observational. Teljes cikk (Euronews.com)