COP29 draft deal would have rich nations pay $300 billion in climate finance
By Kate Abnett, Valerie Volcovici and Karin Strohecker BAKU (Reuters) -Developed nations should pay $300 billion a year by 2035 to help poorer countries deal with climate change, according to a new draft deal from U.
UN Climate Summit's Deal Draft Shows Divide Between Rich and Poor Nations
Any amount agreed upon at COP negotiations is typically seen as a "core" sum, intended to be mobilized or leveraged for larger climate investments. However, much of this financing is expected to come in the form of loans, further burdening nations already grappling with heavy debt.
COP29 climate talks dissolves into factions after draft rejected
Splintered and rudderless after developing nations rejected what they called too little money to deal with climate change, United Nations talks dissolved into factions Saturday. (AP video by Olivia Zh
COP29 climate summit overruns as $250 billion draft deal stalls
The COP29 climate summit ran into overtime on Friday, after a draft deal that proposed developed nations take the lead in providing $250 billion in annual climate finance by 2035 drew criticism from all sides.
A draft deal on climate money for developing world is silent on how much as UN summit nears end
A new draft text released early Thursday which will form the basis of any deal reached at United Nations climate talks on money for developing countries to transition to clean energy and adapt to climate change left out a crucial sticking point: how much wealthy nations will pay.
Developed nations to pay $250 billion a year in draft climate conference plan
United Nations Secretary-General Antonio Guterres urged negotiators to agree on an “ambitious” climate finance deal.
Nations race to land climate deal as COP29 draft rejected
A fresh draft of a climate pact unveiled Thursday at COP29 failed to break an impasse between nations, with negotiators racing against the clock to broker a trillion-dollar finance agreement.
At UN climate talks, nations blast draft of vague deal on climate cash for developing countries
Negotiators at COP29 are trying to close the gap between the $1.3 trillion the developing world says is needed and the few hundred billion that richer nations have been prepared to pay.
COP29 in Disarray as a Draft Deal for Climate Cash Is Rejected by Developing Nations
Developing nations are seeking $1.3 trillion to adapt to and recover from climate impacts, and transition to clean energy.
Developing nations blast $300 billion COP29 climate deal as insufficient
Countries at the COP29 summit in Baku adopted a $300 billion a year global finance target on Sunday to help poorer nations cope with impacts of climate change, a deal its intended recipients criticised as woefully insufficient.
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UN talks in disarray as a draft deal for climate cash is rejected by developing nations
As nerves frayed and the clock ticked, negotiators from rich and poor nations were huddled in one room Saturday during ...
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Climate-vulnerable nations reject ‘deeply insulting’ draft and walk out of COP negotiations
Climate-vulnerable nations reject ‘deeply insulting’ draft and walk out of COP negotiationsAP Xi was unusually frank in ...