mosaique.info logo
sign up
  1. home
  3. article
  5. Climate finance deal agreed at COP29, $300 billion allocated for developing countries

Climate finance deal agreed at COP29, $300 billion allocated for developing countries

ai generated text

The COP-29 summit in Azerbaijan has reached a compromise deal on climate financing, aiming to provide at least $300 billion per year by 2035 to help poorer nations deal with climate change. This goal is a compromise between the $1.3 trillion per year sought by developing countries and the current $100 billion target.

  1. Alliance of Small Island States
    1. We have presently removed ourselves from the stalled NCQG (New Collective Quantified Goal) discussions, which were not offering a progressive way forward.
  2. BR
    Marina Silva
    1. After the difficult experience that we're having here in Baku, we need to reach some outcome that is minimally acceptable in line with the emergency we're facing.
  3. BR
    Ana Toni
    1. I think it caught a lot of people by surprise.
  4. IN
    Chandni Raina
    1. I am sorry to say that we cannot accept it. We seek a much higher ambition from developed countries.
    2. This document is little more than an optical illusion. This, in our opinion, will not address the enormity of the challenge we all face.
  5. AZ
    Mukhtar Babayev
    1. I ask you to now step up your engagement with one another to bridge the remaining divide.
  6. SL
    Jiwoh Abdulai
    1. This COP, against the wishes of the vulnerable countries, has unfortunately adopted a $300 billion target (to be met in 2035), less than a quarter of what science shows is needed and barely enough to forestall a climate catastrophe.
  7. MH
    Tina Stege
    1. This package is an affront to us. We are the countries that have the most at stake.
  8. FJ
    Biman Prasad
    1. They are not necessarily happy about everything, but the bottom line is everybody wants a good agreement.

COP29

  1. Rich nations offer $250 billion on climate action, developing nations say it's not enough
  2. Baku Talks Stall Over Climate Finance and Fossil Fuel Ambitions
  3. Biden becomes first sitting US president to visit Amazon rainforest

sources

  1. 1.Al Jazeera
  2. 2.BBC
  3. 3.DW News
  4. 4.Le Monde
  5. 5.France 24
  6. 6.The Times
  7. 7.CGTN
  8. 8.The New York Times
  9. 9.ABC News (Australia)
  10. 10.CNA News
  11. 11.Agence France-Presse
  12. 12.Associated Press

perspectives

  1. 1.US under Donald Trump
  2. 2.US under Joe Biden
  3. 3.China under Xi Jinping
  4. 4.Oil Market
  5. 5.Climate Change
  6. 6.Multilateralism
  7. 7.Biodiversity
  8. 8.UK under Keir Starmer
  9. 9.Pollution
  10. 10.Argentina under Javier Milei
  11. 11.Azerbaijan under Ilham Aliyev
  12. 12.Amazon Deforestation

countries

  1. 1.AzerbaijanAZ
  2. 2.ChinaCN
  3. 3.IndiaIN
  4. 4.IrelandIE
  5. 5.United StatesUS
  6. 6.PanamaPA
  7. 7.Saudi ArabiaSA
  8. 8.SamoaWS
  9. 9.BrazilBR
  10. 10.GermanyDE
  11. 11.FijiFJ
  12. 12.Marshall IslandsMH

organizations

  1. 1.United Nations
  2. 2.Alliance of Small Island States
  3. 3.European Union
  4. 4.White House
  5. 5.Christian Aid
  6. 6.Power Shift Africa
  7. 7.African Group of Negotiators
  8. 8.Asia Society Policy Institute
  9. 9.Center for International Environmental Law
  10. 10.Climate Action Network International
  11. 11.European Climate Foundation
  12. 12.Indigenous Environmental Network

persons

  1. 1.Donald TrumpUS
  2. 2.Simon StiellGD
  3. 3.António GuterresPT
  4. 4.Cedric SchusterWS
  5. 5.Chandni RainaIN
  6. 6.Mukhtar BabayevAZ
  7. 7.Jiwoh AbdulaiSL
  8. 8.Juan Carlos Monterrey GomezPA
  9. 9.Leena Nandan
  10. 10.Mohamed AdowKE
  11. 11.Monterrey GomezPA
  12. 12.Tina StegeMH

technicals

  1. 1.COP29
  2. 2.Conference of the Parties
  3. 3.Global Stocktake
  4. 4.Least Developed Countries
  5. 5.Paris Climate Agreement
  6. 6.Sustainable Development Goals
  7. 7.Baku to Belem Roadmap
  8. 8.COP15
  9. 9.COP30
  10. 10.Global South
Climate finance deal agreed at COP29, $300 billion allocated for developing countries