Baku:UN Secretary-General António Guterres has urged developed countries to fulfill their financial commitments made at COP29 in Baku, emphasizing the need for concrete actions to address climate change.

According to Azeri-Press news agency, Guterres made these remarks during his speech at the COP31 Leaders' Summit. He stressed the importance of developed countries providing at least USD 300 billion annually by 2035 and outlined the necessity for plans with specific milestones to triple climate adaptation financing by that year.

The Secretary-General highlighted the need for the USD 1.3 trillion financing target to result in actual financial flows to developing countries, insisting that all sources of finance must meet their obligations to achieve this goal.