Civil society protests climate finance proposal at COP29 summit
At the COP29 U.N. climate summit, civil society groups protested against a proposed climate finance deal, calling it "insulting" and "unjust." They urged developing nations to reject the offer of $250 billion annually by 2035, which they view as inadequate. Protesters held a silent march, emphasizing that a bad deal is worse than no deal. They criticized developed countries for not addressing the urgent financial needs of the Global South, which faces severe climate impacts. Developing nations are seeking at least $1.3 trillion annually starting in 2025, significantly more than the proposed amount. The summit has extended beyond its scheduled conclusion as negotiations continue over climate finance commitments.