Branded a "disaster," the COP29 climate conference ended in chaos and anger in the early hours of Sunday morning, as wealthy countries delivered a deal on finance that was roundly rejected by key developing nations.
In the final text of an agreement hashed out at the conference in Baku, Azerbaijan, wealthy nations agreed to deliver $300 billion in climate aid for developing countries by 2035 "from a wide variety of sources, public and private, bilateral and multilateral, including alternative sources." But poorer nations, which have done the least to cause climate change but suffer the most from its consequences, had called on their rich counterparts to deliver at least $1.3 trillion in no-strings-attached grants to help them to deal with climate impacts.
In a stunning, historical blow for the UN's key climate event, India rejected the deal, with representative Chandni Raina stating it had been gavelled through without the country's approval. "This, in our opinion, will not address the enormity of the challenge we all face. Therefore, we oppose the adoption of this document," Raina said.
In the final text of an agreement hashed out at the conference in Baku, Azerbaijan, wealthy nations agreed to deliver $300 billion in climate aid for developing countries by 2035 "from a wide variety of sources, public and private, bilateral and multilateral, including alternative sources." But poorer nations, which have done the least to cause climate change but suffer the most from its consequences, had called on their rich counterparts to deliver at least $1.3 trillion in no-strings-attached grants to help them to deal with climate impacts.
In a stunning, historical blow for the UN's key climate event, India rejected the deal, with representative Chandni Raina stating it had been gavelled through without the country's approval. "This, in our opinion, will not address the enormity of the challenge we all face. Therefore, we oppose the adoption of this document," Raina said.
Developing Nations And NGOs Reject ‘Disaster’ COP29 Climate Deal
The COP29 climate conference ends in "disaster," as wealthy nations delivered a deal on finance that was rejected by key developing countries.
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