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News in English (USA) / 23.11.2024 / 21:00

COP29 Climate Talks in Disarray as Developing Nations Walk Out Over Cash Disputes

The COP29 climate summit is teetering on the brink of collapse, with developing nations staging walkouts in protest against inadequate climate finance offers from wealthier countries. Despite an increased offer of $300 billion from rich nations, developing countries continue to express dissatisfaction, labeling proposals as unacceptable and insufficient. Tensions have escalated following accusations and the rejection of a draft deal on climate cash, prompting warnings of a potential deadlock. While some negotiators report glimmers of hope for a funding deal, the divide between rich and poor nations remains stark, raising concerns about the future of global climate action.
Financial Times, Reuters, Al Jazeera English, POLITICO Europe, BBC.com, Bloomberg, The Telegraph, CNN, The Guardian, The New York Times