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

Asianet Newsable

Asianet Newsable

Summary

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But the deal reached at the close of the two-week COP29 summit in Azerbaijan resulted from fractious and at times openly hostile negotiations, producing an agreement that even its supporters may see as insufficient and disappointing.
Gulf 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 new goal is intended to replace developed countries' previous commitment to provide US$100 billion per year in climate finance for poorer nations by 2020.
CNA
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Developing countries dismissed as “a joke” an offer on Friday (22 November) by wealthy industrialised nations including the EU, US and Japan of $250bn a year from 2035.
New Zimbabwe

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