in Baku has led to anger among developing countries and environmental activists over how the agreement was pushed through by the host country
climate policy campaigner Seán McLoughlin said: “Let’s be clear on what has happened here in Baku: rich, developed countries have bullied the developing world into accepting a woefully inadequate deal.” EU climate commissioner Wopke Hoekstra said developing countries should regard the outcome as the “start of a new era in climate finance”.
As the gavel came down, India’s lead negotiator Neelesh Sah leapt to his feet to ask to take the floor, and when he was ignored made a furious timeout gesture above his head and led his team on to the stage in protest.
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COP29 Reaches Deal on Climate Finance, But Developing Nations Say It's Not EnoughDespite pressure from oil-producing nations and the looming presidency of Donald Trump, COP29 concluded with a deal to triple financial support to $300 billion a year for vulnerable developing countries. However, developing nations argue that this commitment is insufficient to avert a climate catastrophe.
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Climate Finance Secured at COP29, But Ambition Falls ShortDespite nearly collapsing, the COP29 summit secured a last-minute commitment for $300 billion in climate finance annually for developing countries. However, critics lament the lack of progress on transitioning away from fossil fuels and the limited ambition compared to the urgent need to address climate change.
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