Rich nations' fight over climate finance 'humiliating': Bangladesh's Yunus

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Turkiye Nouvelles

Turkey,Middle East,Africa

The comments illustrate the frustration of developing countries seeking substantially more money from rich nations to help them adapt to climate shocks and transition to cleaner energy.

Muhammad Yunus, who leads one of the world's most climate-vulnerable nations, said on Wednesday that countries who bear little responsibility for global warming were being forced to haggle to help adapt to the consequences.

"This is what the presidency has been promoting since the beginning of this year - the time window is narrowing, shrinking - and we need to act urgently," Yalchin Rafiyev, Azerbaijan's lead negotiator for COP29, said. The donor countries want others to join them in paying, particularly China and wealthy Gulf states, and are reluctant to promise large new amounts of public money at a time when they face economic and political pressure at home.

 

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