What's happened
At COP29 in Azerbaijan, nations reached a climate funding agreement, promising $300 billion annually by 2035. However, this falls significantly short of the $1.3 trillion requested by developing countries, leading to widespread disappointment among delegates.
Why it matters
What the papers say
According to the New York Times, the final deal at COP29 was met with disappointment, with a Nigerian delegate calling it 'a joke.' In contrast, the BBC highlighted the intense negotiations that led to the agreement, noting that developing nations walked out in frustration. The Independent described the deal as a 'far-from-perfect arrangement,' emphasizing the need for more substantial commitments from wealthier nations. These varying perspectives illustrate the ongoing tensions and differing expectations surrounding international climate negotiations.
How we got here
The COP29 summit aimed to address climate financing, with developing nations seeking substantial support to transition to renewable energy and adapt to climate impacts. The negotiations were marked by tension and delays, reflecting the complexities of international climate agreements.
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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
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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.