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COP31 Seeks Climate Funds

COP31 Seeks Climate Funds

The president of the COP31 climate conference, Turkish Environment Minister Murat Kurum, said the first week of negotiations in Antalya was proceeding as planned, with progress in five areas, including adaptation, emissions reductions and climate finance. Ministerial consultations are set to intensify next week. He called on countries to honor their existing financial pledges, stressing that the estimated $1.3 trillion in international finance has yet to be raised and would not be enough to address the climate challenge. Representatives from 196 countries and the European Union are attending the conference, while registrations have surpassed 97,000. The conference presidency aims to raise the global electrification rate to 35% by 2035 and increase the share of materials reused to 15%.

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