Dutch official warns at COP29: Addressing water issues crucial to avoid major global GDP loss by 2050.

Addressing water issues is critical to avoiding an 8-15% global GDP loss by 2050, warns a Dutch official at COP29 in Baku. While 90% of countries have water-related measures in their plans, financing remains a challenge. The Baku Declaration on water resource management is set to be adopted, aiming to mitigate climate change impacts. However, water is mentioned as a high priority in only 5% of Nationally Determined Contributions. The COP29 aims to agree on a new climate finance goal and strengthen water-related actions in national plans.

November 21, 2024
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