Nigeria Rejects COP29 Climate Finance Deal as 'Unrealistic'

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Nkiruka Maduekwe, Nigeria’s focal person and director-general of the National Council on Climate Change , described the deal as “unrealistic” and an insult to the spirit and letters of the UN framework convention on climate change.Support journalism driven by facts, created by Nigerians for Nigerians. Our thorough, researched reporting relies on the support of readers like you.“We do not accept this. You expect us to have ambitious NDCs.

LDCs had proposed an annual payout of $1.3 trillion – mostly in grants and not loans — to help them cope with the impact of climate change in their communities, but their expectations were dashed as developed countries showed no interest in committing that much to their cause. UN Secretary-General Antonio Guterres said he had hoped for a more ambitious outcome but called on parties to unite and honour the commitment.“It must be honoured in full and on time. Commitments must quickly become cash. All countries must come together to ensure the top-end of this new goal is met,” he said.

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