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Secondly, ambition on reducing emissions goes hand in hand with finance. This is in our interests, because there is no route to global stability, growth and development without supporting developing countries to take the low-carbon path and to better protect their populations from the impacts of the climate crisis. At COP 29 in Baku last year, countries agreed that we needed to mobilise at least $300 billion per year for developing countries by 2035, and to scale up towards $1.3 trillion from all sources. COP 30 agreed to target a share of the global resources agreed last year towards a trebling of adaptation finance by 2035, to make sure that developing countries have the resilience they need.