Baku, Azerbaijan | AFP
Nearly 200 nations approved Sunday a climate deal that raises to at least $300 billion a year the amount wealthy historic polluters pay poorer countries to take action against global warming.
After two weeks of exhausting negotiations in Azerbaijan that dragged well into overtime, COP29 president Mukhtar Babayev banged the gavel at 2:39 am (2239 GMT Saturday) to approve the global pact.
UN climate chief says ‘no time for victory laps’ after COP29 deal
UN climate chief Simon Stiell on Sunday said it was “no time for victory laps” after nations at COP29 in Azerbaijan agreed a bitterly negotiated finance deal.
“No country got everything they wanted, and we leave Baku with a mountain of work still to do. So this is no time for victory laps,” Stiell said in a statement.
African negotiators bloc says climate finance deal ‘too little, too late’
The African Group of Negotiators said Sunday the $300 billion climate finance deal agreed at UN talks is “too little, too late” for the continent.
“We are extremely disappointed at the lack of progress on the issues critical to Africa,” Ali Mohamed, the group’s Kenyan chair, told the COP29 conference in Azerbaijan. “Africa has and will continue to sound the alarm on the inadequacy of climate finance.”
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