COP29 Stalemate: Rich-Poor Divide Over $250B Climate Finance
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.
