COP29 Climate Talks Face Criticism Over Funding Shortfall
The recent COP29 climate summit in Baku has run into significant turmoil as developing nations express outrage over a proposed $250 billion climate finance draft deal. Frustration is growing among poorer countries, who view the offer as inadequate, labeling it a ‘bad deal’ and a ‘joke.’ The talks have surpassed the scheduled time frame, highlighting an existential crisis for the COP process. Activists and officials are urging for a commitment of trillions rather than billions to effectively address the climate crisis, as they criticize the draft deal for failing to mobilize necessary funds. High drama continued as negotiators struggled to bridge the gap between rich and poor nations with the clock ticking down on the negotiations.
BBC.com, The Guardian, Al Jazeera English, Semafor, Democracy Now!, The Washington Post, Axios, Reuters, The New York Times, Bloomberg