COP29, the United Nations annual climate summit, concluded over the weekend with an agreement obligating wealthy nations to invest $300 billion yearly in climate finance for the next decade. Environmental activists were outraged, dismissing the amount as extremely inadequate. This $300 billion commitment marked a $50 billion increase from what wealthier nations were proposing as of Friday, although some climate activists had hoped for a commitment of up to $1 trillion.
Amb Ali Mohamed, Kenya’s Special Envoy for the chair of the African Group of Negotiators, criticized the proposed $250 billion yearly target as unacceptable and inadequate to fulfill the Paris Agreement. Tasneem Essop, the head of the Climate Action Network International, called the $250 billion per year in public finance a joke, describing it as peanuts compared to the real needs of developing countries. Reports from the summit, hosted by Azerbaijan, a major fossil fuel producer, described a bitter and disappointed contingent of activists, with some countries walking out of talks and conference rooms running out of food, leaving diplomats irritated
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
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