Developing Nations Say $300bn COP29 Deal Not Enough

Africa Business News

Negotiators at the United Nations climate talks agreed on a $300bn target to help developing nations adapt to climate change, but many poorer nations have dismissed the agreement as insufficient. The agreement came a day after the COP29 talks were supposed to end in Baku, the capital of Azerbaijan. Richer nations agreed to pay at least $300bn a year by 2035 to help poorer countries make their economies more environmentally friendly and prepare for natural disasters. The number is an increase from a previous $100bn pledge but was still $200bn less than the number called for by a group of 134 developing countries. A delegate from India, Leena Nandan, called the agreement an “illusion”.
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