Large developing countries, represented by Bolivia"s Diego Pacheco, have rejected the proposed $200-300 billion climate finance figure for the new climate finance goal at COP29, calling it unacceptable. They also oppose expanding the base of contributors to include China and wealthy Gulf states, labeling this a "super red line." Meanwhile, Australia and New Zealand have pledged significant contributions to the Fund for Responding to Loss and Damage, with Australia committing AU$50 million and New Zealand NZ$10 million, bringing total donations to $85 million this year.
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