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

Asianet Newsable

Asianet Newsable

Summary

88:88
After marathon negotiations that stretched into early Sunday morning, world leaders at the UN climate talks (COP29) in Baku, Azerbaijan, reached a landmark agreement committing wealthy nations to provide $300 billion annually to help developing countries combat climate change by 2035.
Newsweek
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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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Article 6 provides trusted and transparent carbon markets for countries to collaborate on emission reductions, potentially saving up to 250 billion U.S. dollars annually in implementing national climate plans.
XinhuaNet
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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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updated 88:88

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