COP29 Stalemate: Rich-Poor Divide Over $250B Climate Finance
TL;DR Summary
As COP29 negotiations progress, there is a significant push from poorer nations for increased climate funding, with a proposal for wealthy countries to contribute $250 billion annually. However, some acknowledge they may need to accept lower figures for now. Meanwhile, former President Trump's actions, including appointing oil executive Chris Wright as Energy Secretary, are seen as efforts to dismantle President Biden's climate policies, impacting the global climate summit's dynamics. Additionally, Exxon has issued a warning to US Republicans about the importance of addressing climate change.
- Climate proposal would see rich countries pay $250B a year POLITICO Europe
- COP29 overruns as poor countries seethe over climate cash BBC.com
- ‘It’s a joke’: $250bn climate finance offer met with scorn at COP29 Al Jazeera English
- Cop29: talks go into overtime as countries wrangle over finance deal – live coverage The Guardian
- “A Great Swindle”: Activists Slam Draft Climate Plan Reducing How Much Rich Polluting Countries Owe Democracy Now!
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