Negotiators work through the night at UN climate talks to try to reach a cash deal for poor nations
Saturday, 23 November 2024 ()
The United Nations’ annual climate talks are pushing into overtime under a cloud of anger and disappointment as negotiators are well short of a deal on money for developing nations to curb and adapt to climate change. A draft agreement Friday at the talks in Azerbaijan pledged $250 billion annually by 2035. That's more than double the previous goal of $100 billion set 15 years ago but far short of the annual $1 trillion-plus that experts say is needed. Developing nations were angered by the pledge. Another new draft is expected Saturday, and experts say it might not be the last.
The United Nations’ annual climate talks are pushing into overtime under a cloud of anger and disappointment as negotiators are well short of a deal on money for developing nations to curb and adapt to climate change. A draft agreement Friday at the talks in Azerbaijan pledged $250 billion annually by 2035. That's more than double the previous goal of $100 billion set 15 years ago but far short of the annual $1 trillion-plus that experts say is needed. Developing nations were angered by the pledge. Another new draft is expected Saturday, and experts say it might not be the last.
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