Climate Change

Tensions Rise at COP29 Over Climate Finance Commitments

Main image to the post Tensions Rise at COP29 Over Climate Finance Commitments

The ongoing COP29 United Nations climate change conference in Baku, Azerbaijan, is focused on the critical aim of establishing new climate finance commitments from developed countries for developing nations post-2025. This initiative seeks to enhance the previous agreement wherein developed nations pledged to provide $100 billion annually to assist during climate crises.

As the conference approaches its final stages, notable tensions have emerged between developed and developing countries concerning the new financial goals. This discord has prompted a strong reaction from several attendees from the Global South, who expressed their frustration through a rally at the conference venue. Protesters vocally demanded increased financial support by chanting slogans like "What do we want? Climate Finance!" and "Trillions, not billions!" signaling their urgent call for more substantial climate funding.

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May 21, 2023 | 05:09