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COP29 $250bn climate cash offer criticised as 'deeply disappointing' by poorer countries | BBC News
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November 22, 2024
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4:39Now PlayingThe COP29 climate summit in Baku, Azerbaijan has released a new draft finance deal that would have developed nations take the lead.
The deal proposes wealthier countries give $250bn (£199bn) per year by 2035 to developing nations to help tackle climate change.
But small island nations, including countries like Tonga, Samoa and Vanuatu in the Pacific, and Barbados and Bermuda in the Caribbean, are "deeply disappointed" with the new cash offer, saying the proposed $250bn a year by 2030 is a cap that will "severely stagnate climate action efforts".
Delegates in Baku have been trying to debate a new deal.
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