Cop29 agrees to $300 billion climate finance deal, India says amount 'abysmally poor'

Developing nations have criticized the $300 billion annual climate finance commitment from wealthy countries as insufficient at the Cop29 summit in Baku. While a deal was reached, establishing a $1.3 trillion target with significant reliance on private funding, developing nations argued for a greater commitment from historical emitters to address the disproportionate impact of climate change on poorer countries.

from Environment News, Earth News, Global Warming, Wild Life, Carbon Trading, Climate Business, Climate Change & Pollution News https://ift.tt/MV76m8n