What's happened
The COP29 climate summit in Azerbaijan concluded with a commitment of $300 billion annually by 2035 for developing countries, falling short of the $1.3 trillion needed. Activists and experts criticize the deal as inadequate, highlighting the ongoing struggle for climate justice amid geopolitical tensions and fossil fuel lobbying.
Why it matters
What the papers say
The Byline Times highlights the emotional toll on activists like Patience Nabukalu, who expressed despair over the lack of meaningful action at COP29, stating, "I cried because I realized that the Global North will never realize their mistake." Meanwhile, the South China Morning Post emphasizes the vague nature of the $300 billion commitment, noting that it lacks clarity on funding sources and mechanisms. The Guardian critiques the deal as a betrayal, arguing that it fails to account for inflation and leaves poorer nations to shoulder the burden of climate adaptation. In contrast, Bloomberg suggests that the outcome reflects broader geopolitical dynamics, particularly the influence of the U.S. election on international climate negotiations.
How we got here
The COP29 summit aimed to address climate finance, with developed nations previously committing to $100 billion annually by 2020. However, this goal was only met in 2022, and the new agreement has been criticized for lacking clarity and ambition, especially in light of the upcoming U.S. political changes.
Common question
-
Why is the COP29 climate finance deal considered inadequate?
The COP29 climate summit has concluded with a commitment of $300 billion annually for developing countries by 2035. However, many are questioning the adequacy of this deal, especially when compared to the estimated $1.3 trillion needed to effectively combat climate change. This raises further questions about the implications for global climate justice and the reactions from activists and experts.
More on these topics
-
Donald John Trump is an American politician, media personality, and businessman who served as the 45th president of the United States from 2017 to 2021.
-
Azerbaijan, officially the Republic of Azerbaijan, is a country in the Caucasus region of Eurasia. Located at the crossroads of Eastern Europe and Western Asia, it is bounded by the Caspian Sea to the east, Russia to the north, Georgia to the northwest, A
-
Saudi Arabia, officially the Kingdom of Saudi Arabia, is a country in Western Asia constituting the bulk of the Arabian Peninsula.
-
The Paris Agreement is an agreement within the United Nations Framework Convention on Climate Change, dealing with greenhouse-gas-emissions mitigation, adaptation, and finance, signed in 2016.
-
The United States of America, commonly known as the United States or America, is a country mostly located in central North America, between Canada and Mexico.
-
The United Nations is an intergovernmental organization that aims to maintain international peace and security, develop friendly relations among nations, achieve international cooperation, and be a centre for harmonizing the actions of nations.
-
The European Union is a political and economic union of 27 member states that are located primarily in Europe. Its members have a combined area of 4,233,255.3 km² and an estimated total population of about 447 million.
-
Russia, or the Russian Federation, is a transcontinental country located in Eastern Europe and Northern Asia. Covering an area of 17,125,200 square kilometres, it is the largest country in the world by area, spanning more than one-eighth of the Earth's in
-
Brazil, officially the Federative Republic of Brazil, is the largest country in both South America and Latin America. At 8.5 million square kilometers and with over 211 million people, Brazil is the world's fifth-largest country by area and the sixth most