'Slap on the face' — reactions trail proposed $250bn climate finance deal at COP29

  • 📰 thecableng
  • ⏱ Reading Time:
  • 53 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 80%

Business News News

Business Business Latest News,Business Business Headlines

Climate activists and environmentalists have expressed dissatisfaction over the newly proposed $250 billion annual climate finance deal for developing countries.

Yalchin Rafiyev, COP29 lead negotiator, speaking during the opening ceremony |

As climate talks reach its final hours in Baku, Azerbaijan, the newly proposed climate finance goal have cast a shadow of disappointment to developing countries, who have been vocal with their demands.Mohamed Adow, director of Power Shift Africa, a Kenyan based think tank, said the proposal isAdow noted that Africa and other developing countries are “offended” by the recent figures put forward by the COP29 president.

“We need developed countries to grab the bull by the horns and put forward a number that reflects the actual needs of developing countries. Rich countries need to bypass this president and negotiate eye to eye with developing countries.” “In the meantime, millions of people’s lives are at risk. We are angry, but we will keep fighting until the end.”Teresa Anderson, the global lead on climate justice at ActionAid International, said the new draft shows that developed countries have turned their back on climate hit nations.to keep up the fight, noting that the whole planet needs them to keep the planet safe.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

COP29 proposes $250bn annual climate finance for developing countriesA new text draft released at the ongoing COP29 on climate finance has proposed a $250 billion commitment from developed countries to the global south.
Source: thecableng - 🏆 2. / 80 Read more »

UPDATED: COP29 draft calls for $250bn climate finance from wealthy nationsThe new draft emphasises the need for developed nations to take the lead in providing climate finance to developing countries.
Source: PremiumTimesng - 🏆 3. / 78 Read more »

COP29: Enhancing Nigeria’s climate finance transparency to attract funding, By Hamzat LawalPremium Times - Nigeria'bs leading online newspaper, delivering breaking news and deep investigative reports from Nigeria
Source: PremiumTimesng - 🏆 3. / 78 Read more »