On Sunday, world leaders at the UN conference of parties (Developing countries have been vocal about their demand for a $1.3 trillion funding to support their adaptation goals.
The DG stated that $300 billion deal is “unrealistic” to adequately support the climate action plans of developing countries.
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COP29 ends with contentious $300bn a year climate finance deal for developing nationsWorld leaders at the UN conference of parties (COP29) have finally agreed on a new finance deal of $300 billion after days of intense negotiations.
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Nigeria Rejects COP29 Climate Finance Deal as 'Unrealistic'Nigeria, a member of the least developed countries (LDCs) group, criticized the COP29 climate finance deal for failing to meet the expected annual commitment of $300 billion from wealthy nations. The country's focal person, Nkiruka Maduekwe, called the deal 'unrealistic' and an 'insult' to the UN framework convention on climate change.
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Akwa Ibom: Business owners, commuters count losses as Calabar-Itu Road remain closedBusiness owners and residents of Calabar-Itu Road, Uyo, Akwa Ibom State and its environs are counting their losses as the road remains closed to traffic for over five months.
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