Activists criticize Cop29 climate finance deal as inadequate for developing nations

At the Cop29 conference in Baku, Azerbaijan, a financial package of $300 billion was agreed upon to support developing nations in combating climate change. Activists criticized the deal as "woefully inadequate," arguing it falls far short of the estimated $1 trillion needed annually. Energy Secretary Ed Miliband called the agreement a "critical 11th-hour deal," while US President Joe Biden acknowledged the need for further work. Campaigners expressed disappointment, stating the deal does not address urgent climate finance needs. Organizations like WaterAid and Extinction Rebellion condemned the agreement, labeling it a "death sentence for millions." They emphasized the necessity for more substantial financial commitments to support vulnerable populations facing climate impacts.