China was willing to offer more in climate finance, says Cop29 president

Mukhtar Babayev applauds during a closing meeting at Cop29 on Sunday. He said the final deal ‘almost didn’t happen’.Mukhtar Babayev applauds during a closing meeting at Cop29 on Sunday. He said the final deal ‘almost didn’t happen’.

China is classed as a developing country under the ​UN climate process, which means it carries no obligation to provide finance to poorer countries, while the rich economies do. At, rich countries demanded that the donor base should be broadened to include emerging economies such as China and petrostates such as Saudi Arabia.

He noted that it took pressure from the presidency to force the EU to increase its deal​ beyond the originally proposed $250bn.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Cop29: $250bn climate finance offer from rich world an insult, critics sayDraft text under fire as poor nations wanted more of the money to come directly from developed countries
Herkunft: GuardianAus - 🏆 1. / 98 Weiterlesen »

Cop29: wealthy countries agree to raise climate finance offer to $300bn a yearEU and nations including the UK, US and Australia indicate they will make the increase in exchange for changes to a draft text, sources say
Herkunft: GuardianAus - 🏆 1. / 98 Weiterlesen »

Cop29’s new carbon market rules offer hope after scandal and deadlockCountries agree on how to create, trade and register credits to meet climate commitments
Herkunft: GuardianAus - 🏆 1. / 98 Weiterlesen »