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MENA Newswire News Desk: The European Union (EU) and its member states provided a total of €35.8 billion in climate financing to support developing countries in 2023, according to an announcement from the European Council. This financing package includes €28.6 billion in public climate funding, supplemented by an additional €7.2 billion mobilized from private sector investments, aimed at helping these countries reduce greenhouse gas emissions and build resilience against climate change impacts. The release of these figures comes as part of the EU’s preparations for the upcoming COP29 Climate Change Conference, scheduled to begin in Baku on November 11. The…

Net EU greenhouse gas emissions dropped by 8.3% in 2023, with substantial cuts in power and heating driven by renewables, keeping the EU on track toward its climate targets.

Severe floods in Spain’s Valencia region have claimed 211 lives, with authorities deploying 10,000 soldiers and police as search efforts continue for dozens still missing.

Moody’s latest report reveals a $2.7 trillion annual climate investment gap by 2030, emphasizing urgent funding needs to support global resilience and low-carbon economic transition.

FAO will lead 21 global health projects, supported by $109 million from the Pandemic Fund, aimed at enhancing pandemic preparedness across 32 countries in regions most in need.

The UN Committee on Women’s Rights has called for equal representation in decision-making, saying women’s participation is critical for addressing political, economic, and digital challenges.

The EU awards €4.8 billion to 85 net-zero projects, spanning 18 countries, to boost clean technology innovation and support cleantech manufacturing and industrial carbon management.

A European Court of Auditors report reveals that the EU faces an average annual loss of €26 billion due to extreme climate events, with potential for even higher losses in the future.

COP16, the UN’s biodiversity summit in Colombia, brings together global leaders to safeguard ecosystems, aiming to halt biodiversity loss by 2030 under the Kunming-Montreal Biodiversity Framework.

Italy aims to become a key hydrogen hub, facilitating the transfer of hydrogen from North Africa to Europe, Environment Minister Fratin announced at the Venice Hydrogen Forum.