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Africa: COP29 Climate Talks Conclude With $300 Billion Annual Pledge, but Developing Nations Call Deal 'An Insult'

allAfrica.com Sunday, 24 November 2024 ()
[UN News] Rich nations pledged to contribute at least $300 billion annually to the global fight against climate change as UN climate talks came to a contentious end early Sunday morning in Baku. Developing nations who had sought over $1 trillion in assistance called the agreement an "insult" and argued it did not give them the vital resources they required to truly address the complexities of the climate crisis.
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Video Credit: euronews (in English) - Published
News video: COP29: Summit ends with $300bn a year climate finance deal for developing nations

COP29: Summit ends with $300bn a year climate finance deal for developing nations 01:42

After concerns climate talks in Baku could collapse, the gavel came down on a finance deal in the early hours of the morning.

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