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COP29 summit ends with ‘paltry’ US$300 billion climate finance deal; no change for China’s contributions

By Nick Perry, Laurent Thomet and Shaun Tandon The world approved a bitterly negotiated climate deal Sunday but poorer nations most at the mercy of worsening disasters dismissed a US$300 billion a year pledge from wealthy historic polluters as insultingly low. The closing plenary of COP29, in Baku, Azerbaijan, on November 24, 2024. Photo: COP29 […]

World reaches $300 bn climate finance deal at COP29

The world approved a bitterly negotiated climate deal Sunday but poorer nations most at the mercy of worsening disasters dismissed a $300 billion a year pledge from wealthy historic polluters as insultingly low. After two exhausting weeks of chaotic bargaining and sleepless nights, nearly 200 nations banged through the contentious finance pact in the early […]