Embattled COP29 climate summit strikes last ditch deal on funding for vulnerable countries
Saturday, 23 November 2024 () The COP29 climate talks have reached a last ditch deal on cash for developing countries, pulling the summit back from the brink of collapse after a group of countries stormed out of a negotiating room earlier.
Representatives of dozens of climate vulnerable islands and African nations have stormed out of high-stakes negotiations over a climate funding goal. Sky News
The European Union's climate envoy Wopke Hoekstra describes the draft deal at the deadlocked UN COP29 summit in Azerbijan as "unacceptable", with just one day left to go on the conference's agenda.
Developing nations need trillions in annual climate funding by 2030, according to a UN report released at COP28. The report estimates that these countries will... IndiaTimes
At COP29, India has urged developed nations to commit at least $1.3 trillion annually until 2030 in climate finance, emphasizing the need for grants and... IndiaTimes
At COP29, India criticized developed nations for delaying climate action and failing to provide adequate financial support to developing countries. They... IndiaTimes Also reported by •City A.M. •Mid-Day