COP29 Climate Finance Deal Strikes Controversy Amidst Progress
TL;DR Summary
The COP29 climate summit in Baku concluded with a contentious agreement for developed nations to provide at least $300 billion annually by 2035 to help poorer countries transition from fossil fuels. The deal, criticized as insufficient by developing nations, reflects geopolitical tensions and the looming return of Donald Trump to the U.S. presidency. The agreement also includes rules for global carbon markets and involves contributions from emerging economies like China. Despite the funding shortfall, the deal marks a step towards addressing climate finance needs.
- Climate summit ends with a long-fought deal — and a lot of anger POLITICO
- U.N. Reaches $300 Billion Climate Financing Deal as Trump Looms The Wall Street Journal
- Cop29 climate finance deal criticised as ‘travesty of justice’ and ‘stage-managed’ The Guardian
- COP29 UN Climate Conference Agrees to Triple Finance to Developing Countries, Protecting Lives and Livelihoods UNFCCC
- Climate talks reach finance deal blasted as inadequate by developing nations The Washington Post
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
8 min
vs 9 min read
Condensed
95%
1,760 → 84 words
Want the full story? Read the original article
Read on POLITICO