‘It’s a joke’: $250bn climate finance offer met with scorn at COP29
Al Jazeera
Vulnerable nations are seeking $1.3 trillion annually to deal with the damage caused by climate change and to adapt.
Negotiations at the COP29 climate conference have extended into overtime after an offer by wealthy countries to provide $250bn a year in climate financing for developing countries was roundly rejected.
The presidency of the global talks in Baku, Azerbaijan, released a draft finance deal on Friday, which it insisted was a result of “an extensive and inclusive consultation process”.
It said developed countries would provide $250bn annually by 2035 to developing or poor nations to deal with damage from climate change and to adapt to that change.
But the figure, which came as a modest upgrade to the $100bn annual pledge that was agreed 15 years ago and is ending this year, angered many representatives of developing countries who said their rich counterparts are refusing to take responsibility for the climate crisis they have caused. Vulnerable nations are seeking $1.3 trillion annually.
The annual two weeks of United Nations climate talks were scheduled to end at 6pm (14:00 GMT) on Friday, but the negotiations were continuing into the evening with little sign of an agreement in sight.
The NGOs want the Netherlands to ban the export and transit of weapons, weapon parts, and dual-use items to Israel.
All the details about the biggest two weeks in chess as a young Indian grandmaster takes on the Chinese world champion.
South Korea’s national security adviser says North plans to use the weapons to defend its airspace over the capital.
Pep Guardiola has ended speculation about his future as Manchester City manager by signing a new two-year deal.
UN nuclear watchdog condemns Iran for failing to cooperate fully and seeks answers on uranium found at two locations.
Gunmen open fire on buses carrying Shia pilgrims in Kurram, where clashes with Sunnis have escalated in recent months.
Southeast Asian city-state is among a handful of countries that impose the death penalty for drug offences.
These were the key developments on the 1,002nd day of the Russia-Ukraine war.
Carey Grayson was executed using controversial method after being convicted of the 1994 murder of a hitchhiker.
As more and more contemporary films fail, producers and exhibitors fall back on time-tested fare to lure viewers back.
It’s the latest in a recent series of fraud allegations trailing the embattled billionaire’s Adani Group.