COP29 climate talks conclude with $300 billion annual pledge, but developing nations call deal ‘an insult’

UN climate negotiations wrapped up early on Sunday morning in Baku, with wealthy countries pledging to invest at least $300 billion a year to the global fight against climate change. Developing countries who had been seeking more than $1 trillion in support called the deal an “insult” and said that it failed to provide the critical support they needed to effectively tackle the climate crisis. https://news.un.org/feed/view/en/story/2024/11/1157416
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COP29 climate talks conclude with $300 billion annual pledge, but developing nations call deal ‘an insult’
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Humanitarians are beacon of hope amidst global turmoil: Guterres

Humanitarians are beacon of hope amidst global turmoil: Guterres

25 Jun 2024

Human suffering continues to worsen against a backdrop of conflict and runaway climate change the UN chief said on Tuesday, calling on countries to step up support for those in need and protect the humanitarians who aid them.

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COP29 draft deal proposes wealthy nations give $250 billion in climate finance

COP29 draft deal proposes wealthy nations give $250 billion in climate finance

22 Nov 2024

A new draft finance deal delivered to harried negotiators in Baku on Friday – the final scheduled day for the UN climate talks that have been under way for the past two weeks – proposes rich countries commit $250 billion a year to help vulnerable nations cope with our warming planet and to accelerate the global switch to renewable energy.

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COP29 gets boost from Rio as G20 leaders back scaling up climate finance from ‘billions to trillions’

COP29 gets boost from Rio as G20 leaders back scaling up climate finance from ‘billions to trillions’

19 Nov 2024

The high-level diplomatic push for climate action shifted southward on Tuesday as G20 leaders meeting in Rio sent a clear signal to negotiating teams at stalled UN climate talks in Baku on the need to rapidly and substantially ‘scale up climate finance from billions to trillions from all sources.’