Developing nations slam 'paltry' $300 bil climate deal

Japan Today

Summary

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The summit's main agenda item - setting a new annual target for global climate finance - had nations wrangling for two weeks.
The Gazette
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The new goal is intended to replace developed countries’ previous commitment to provide $100 billion per year in climate finance for poorer nations by 2020.
NBC News
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The final figure represents a significant increase from Friday's contentious draft proposal of $250 billion, though it still falls well short of the $1.3 trillion that experts estimate is needed to adequately address the global climate crisis.
Newsweek
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The $300 billion will go to developing countries who need the cash to wean themselves off the coal, oil and gas that causes the globe to overheat, adapt to future warming and pay for the damage caused by climate change’s extreme weather.
Time

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updated 88:88

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