The latest rough draft of a deal on climate finance is thought to have been soundly rejected by developing economies at Cop29, a day after the UN summit was scheduled to finish.
Asked if the walkout was a protest, Colombia environment minister Susana Mohamed told The Associated Press: “I would call this dissatisfaction, highly dissatisfied.” Meanwhile, small island nations, particularly vulnerable to climate change’s worsening effects, accused the host country presidency of ignoring them for the entire two weeks.
With ministers and delegations from developing nations having to catch flights home, desperation has set in, said Mohamed Adow of Power Shift Africa . Developing nations are seeking 1.3 trillion dollars to help adapt to droughts, floods, rising seas and extreme heat, pay for losses and damages caused by extreme weather, and transition their energy systems away from planet-warming fossil fuels and towards clean energy.“How do you go from the request of 1.3 trillion dollars to 300 billion dollars? I mean, is that even half of what we put forth?” he asked.