Activists demanding that rich countries pay up for climate finance for developing countries of the Global South protest on day eleven at the UNFCCC COP29 Climate Conference Countries agreed on Sunday to an annual finance target of US $300 billion to help poorer countries deal with impacts of, with rich countries leading the payments, according to a hard fought deal clinched at the COP29 conference in Baku.
“I regret to say that this document is nothing more than an optical illusion,” Indian delegation representative Chandni Raina told the closing session of the summit, minutes after the deal was gavelled in. At one point delegates from poor and small island nations walked out in frustration over what they called a lack of inclusion, worried that fossil fuel producing countries were seeking to water down aspects of the deal.
Activists demonstrate for climate finance for the global south on day ten at the UNFCCC COP29 Climate Conference in Baku, Azerbaijan. The world is currently on track for as much as 3.1C of warming by the end of this century, according to the 2024 U.N. Emissions Gap report, with global greenhouse gas emissions and fossil fuels use continuing to rise.
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