Cop29 agrees to $300 billion climate finance deal; India says amount 'abysmally poor'

The rich world staged a great escape in Baku,

said Mohamed Adow, the Kenyan director of Power Shift Africa, a think tank

We have all been working very hard over the past two weeks and I know that none of us want to leave Baku without a good outcome,

COP29 President Mukhtar Babayev told a plenary session which kicked off just after 8 pm local time on Saturday

This is not the climate and environmental justice agenda that he got elected on,

Menotti said

Of course, it will not be better under Trump, but it’s really shameful what they’re doing under Biden,

said Victor Menotti, director of the International Forum on Globalization, after Podesta was hustled out of a side door by security personnel with television crews in hot pursuit

The amount that is proposed to be mobilized is abysmally poor. It's a paltry sum,

said Indian delegate Chandni Raina

This Cop has been a disaster for the developing world,

said Mohamed Adow, director of Power Shift Africa

No country got everything they wanted, and we leave Baku with a mountain of work still to do. So this is no time for victory laps,

he remarked

I had hoped for a more ambitious outcome—on both finance and mitigation—to meet the great challenge we face,

he said, while urging governments to "build on this agreement."

While some may seek to deny or delay the clean energy revolution that's underway in America and around the world, nobody can reverse it—nobody,

Biden declared

This document is little more than an optical illusion. This, in our opinion, will not address the enormity of the challenge we all face. Therefore, we oppose the adoption of this document,

she added

It was hard fought" and the amount of financing "is at the boundary between what is politically achievable today in developed countries and what would make a difference in developing countries,

said Avinash Persaud, special advisor on climate change to the President of the Inter-American Development Bank

The goal is too little, too distant,

she said, her speech punctuated frequently by applause and cheers

COP29 took place in tough circumstances but multilateralism is alive and more necessary than ever,

Laurence Tubiana, chief executive office of European Climate Foundation, an architect of the landmark Paris Agreement

No developing country will fall for this."

Mohamed Adow of Power Shift Africa had called the initial proposal "a slap in the face," stating

The developing countries are now saying that it is better to have no agreement than a bad one,

said the diplomat, who was granted anonymity to discuss closed-door talks

China is a bit complex, but at the same time, we do see leadership from China,

said Harjeet Singh, global engagement director with the environmental group Fossil Fuel Non-Proliferation Treaty Initiative

This has become the COP of uncertainty because of that change,

Fuller told POLITICO

There’s a lot of waiting and seeing what the other country will do and what the other group of countries will do: ‘But if these people are not doing this, then I can’t do that,

she said

The U.S. elections and many other geopolitical events have changed what [the rich countries] could have provided,

said Michai Robertson, lead finance negotiator for a coalition of island states

And then, ... you have the U.S. going in and out.”

she added