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At COP29 in Baku, tensions escalated as negotiators from vulnerable nations, including the Alliance of Small Island States and Least Developed Countries, stormed out over a draft finance agreement they felt excluded their input. Despite objections from India and Nigeria regarding the rushed adoption of a $300 billion annual climate finance goal by 2035, the deal was finalized in the early hours, highlighting ongoing frustrations over inclusivity in climate negotiations.
At COP29, the Adaptation Fund has faced a "puzzling" lack of new financial pledges, securing only $61 million against a $300 million goal, despite urgent calls for increased funding to combat climate change impacts. The reluctance from donor governments may stem from awaiting outcomes on a new climate finance goal, leaving vulnerable countries in dire need of support. With rising adaptation needs, the fund risks running out of money if contributions do not increase.
Evans Njewa
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
vulnerable nations walk out as climate agreement faces backlash at negotiations
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12:16 29.11.2024
climate summit struggles to secure vital funding for adaptation efforts
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10:50 16.11.2024
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