U.N. Secures $300 Billion Climate Aid Deal Amid COP29 Tensions
TL;DR Summary
The COP29 climate conference in Baku ended in disarray as developing nations and NGOs rejected a $300 billion climate finance deal proposed by wealthy countries, demanding at least $1.3 trillion in grants instead. Key nations like India, Nigeria, and Bolivia opposed the agreement, criticizing it as insufficient and laden with loans rather than grants. Civil society groups labeled the outcome a betrayal, highlighting the failure of developed countries to meet their historical responsibilities. The controversy has sparked calls for reforming the COP process amid growing climate urgency.
Topics:world#climate-change#climate-finance#cop29#developing-nations#environment#international-relations
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- U.N. Reaches $300 Billion Climate Financing Deal as Trump Looms The Wall Street Journal
- U.N. reaches agreement on $300 billion climate deal for developing countries The Hill
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