24 November 2024

Climate

Cop29 agrees $1.3tn climate finance deal but campaigners brand it a 'betrayal': Deep divisions remain after high-stakes talks end with agreement to help developing world shift to low-carbon economy. — 24 November 2024 (LINK)

— Only $300bn will come in the form they are most in need of — grants and low-interest loans from the developed world. The rest will have to come from private investors and a range of potential new sources of money, such as possible levies on fossil fuels and frequent flyers, which have yet to be agreed.

— Two groups of particularly vulnerable nations, the Alliance of Small Island States and the Least Developed Countries, walked out of one meeting in protest late on Saturday afternoon, but later returned.

Al Jazeira: Developing nations say $300bn COP29 deal not enough after agreement — (LINK)