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COP29 sets $1.3 trillion climate finance goal but raises concerns over funding clarity

livemint.com — November 23, 2024, 02:01 AM UTC

The UN climate change conference, COP29, concluded with a goal of $1.3 trillion in annual climate finance for developing countries by 2035. However, the plan lacks clarity on funding sources, disappointing many in the Global South. Developed nations are expected to lead in mobilizing $250 billion annually for climate action, but experts argue this amount is insufficient. The goals do not specify that the $1.3 trillion should come from developed countries, raising concerns about feasibility. The revised text also fails to address loss and damage financing adequately. Developing nations had sought $5-6.8 trillion in climate finance by 2030, highlighting a significant gap between their needs and the proposed funding.

With a significance score of 5.1, this news ranks in the top 1% of today's 12900 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 8000 minimalists.

Timeline:

  1. [4.8]
    Countries agree on new carbon market rules at COP29 to boost climate efforts (theguardian.com)
    1h
    Source
  2. [4.8]
    Countries establish new carbon trading rules at Cop29 to support climate goals (news.yahoo.com)
    1h
    Source
  3. [4.2]
    COP29 in Azerbaijan agrees on $300 billion climate finance but faces criticism from developing nations (rappler.com)
    2h
    Source
  4. [6.0]
    Developing nations criticize $300 billion climate deal at UN summit in Azerbaijan (news.yahoo.com)
    3h

    ScoresSource
  5. [4.7]
    Developing nations criticize $300 billion climate finance deal at COP29 summit (brecorder.com)
    3h
    Source
  6. [6.3]
    Cop29 reaches climate finance deal but campaigners call it a betrayal (irishtimes.com)
    3h

    ScoresSource
  7. [4.5]
    India rejects $300 billion climate finance deal at COP29 summit (ndtv.com)
    4h
    Source
  8. [4.4]
    COP29 establishes carbon credit trading scheme amid criticism of effectiveness (rnz.co.nz)
    4h
    Source
  9. [4.9]
    COP29 climate talks in Azerbaijan secure $300 billion annual finance deal and global carbon trading rules (theconversation.com)
    5h
    Source
  10. [5.5]
    Ed Miliband announces $300 billion climate deal at Cop29 in Azerbaijan (standard.co.uk)
    6h

    ScoresSource
  11. [3.8]
    COP29 climate talks conclude with $300 billion finance deal and carbon trading rules (home.nzcity.co.nz)
    6h
    Source
  12. [5.1]
    COP29 climate summit in Baku extends negotiations over funding gap for developing nations (dawn.com)
    7h

    ScoresSource
  13. [4.9]
    India rejects climate finance decision at COP29, advocates for Global South (hindustantimes.com)
    7h
    Source
  14. [5.3]
    Developed nations pledge $300 billion for climate aid but developing countries express disappointment (firstpost.com)
    7h

    ScoresSource
  15. [5.9]
    Developing nations criticize $300 billion climate deal at COP29 summit in Azerbaijan (thehindu.com)
    8h

    ScoresSource
  16. [5.7]
    Wealthy nations commit $300 billion annually to support poorer countries in climate crisis response at COP29 (cnn.com)
    8h

    ScoresSource
  17. [3.9]
    COP29 climate summit in Azerbaijan sets $300 billion annual finance goal by 2035 (gazette.com)
    8h
    Source
  18. [4.3]
    India rejects $300 billion climate finance package at COP29 in Azerbaijan (zeenews.india.com)
    8h
    Source
  19. [5.0]
    COP29 climate summit in Azerbaijan sets $300 billion annual climate finance target by 2035 (reuters.com)
    8h

    ScoresSource
  20. [4.8]
    India rejects $300 billion climate finance package as inadequate for developing nations (timesnownews.com)
    8h
    Source
  21. [5.1]
    COP29 secures $300 billion climate finance deal for developing countries but falls short of $1.3 trillion goal (forbes.com)
    8h

    ScoresSource
  22. [5.3]
    Negotiators fail to finalize climate finance goal at Baku conference (dawn.com)
    8h

    ScoresSource
  23. [5.2]
    Developing nations criticize Cop29 climate deal as inadequate for their needs (scmp.com)
    9h

    ScoresSource
  24. [5.5]
    Cop29 reaches $300 billion climate finance deal but developing nations call it inadequate (timesofindia.indiatimes.com)
    9h

    ScoresSource
  25. [5.7]
    Wealthy nations pledge $300 billion annually by 2035 to support Global South in climate fight (livemint.com)
    9h

    ScoresSource
  26. [4.2]
    COP29 climate summit in Azerbaijan sets $300 billion annual finance target by 2035 (news.yahoo.com)
    9h
    Source
  27. [5.9]
    Cop29 reaches $300 billion climate finance deal as developing nations call it inadequate (economictimes.indiatimes.com)
    9h

    ScoresSource
  28. [5.8]
    Developing nations criticize $300 billion climate deal as inadequate (sg.news.yahoo.com)
    10h

    ScoresSource
  29. [3.8]
    Nearly 200 nations agree on £240 billion climate finance deal at COP29 summit in Azerbaijan (dailymail.co.uk)
    10h
    Source
  30. [5.5]
    India rejects climate finance package citing insufficient funds for developing nations (economictimes.indiatimes.com)
    10h

    ScoresSource
  31. [5.5]
    Richer nations pledge $300 billion to support climate action in developing countries at COP29 (bbc.com)
    10h

    ScoresSource
  32. [5.8]
    Nations agree to $300 billion annual climate fund for developing countries at UN talks (triblive.com)
    10h

    ScoresSource
  33. [5.6]
    Wealthy nations pledge $300 billion annually to support developing countries in climate fight (newsweek.com)
    10h

    ScoresSource
  34. [6.1]
    Countries agree on new climate funding deal at UN talks in Baku (thestar.com)
    11h

    ScoresSource
  35. [6.0]
    Nations agree on $300 billion annual climate fund for developing countries at UN talks (wmur.com)
    11h

    ScoresSource
  36. [5.9]
    Nations agree to $300 billion annual funding for developing countries at COP29 (cbsnews.com)
    11h

    ScoresSource
  37. [5.9]
    Climate negotiators reach $300 billion deal at COP29 but face backlash from developing nations (npr.org)
    11h

    ScoresSource
  38. [5.7]
    Countries agree to $460 billion climate finance deal at COP29 conference (smh.com.au)
    11h

    ScoresSource
  39. [5.8]
    Countries agree to $300 billion annual climate fund for developing nations (inquirer.net)
    11h

    ScoresSource
  40. [6.2]
    UN climate talks secure $300 billion annual deal to aid developing nations (thestar.com)
    11h

    ScoresSource
  41. [5.7]
    UN climate talks reach $300 billion annual funding deal for developing nations (gazette.com)
    11h

    ScoresSource
  42. [5.8]
    Countries reach $1.3 trillion climate finance deal at Cop29 but face backlash from campaigners (theguardian.com)
    11h

    ScoresSource
  43. [6.1]
    Nations agree on $300 billion annual climate fund for developing countries at UN talks (wcvb.com)
    11h

    ScoresSource
  44. [6.2]
    Nations agree on $300 billion annual climate fund for developing countries at UN talks (kcra.com)
    11h

    ScoresSource
  45. [5.5]
    Nations agree to $300 billion annual climate fund for developing countries at COP29 (time.com)
    11h

    ScoresSource
  46. [5.1]
    COP29 concludes with climate finance deal to boost funding for developing nations (japantimes.co.jp)
    12h

    ScoresSource
  47. [5.7]
    World reaches $300 billion climate deal for developing countries at COP29 (dw.com)
    12h

    ScoresSource
  48. [5.7]
    Developed countries agree to $300 billion climate finance deal at COP29 (dw.com)
    12h

    ScoresSource
  49. [5.6]
    Climate summit approves $300 billion financing deal for climate support (politico.eu)
    12h

    ScoresSource
  50. [5.8]
    COP29 nations agree on $460 billion annual climate funding deal for developing countries (abc.net.au)
    12h

    ScoresSource
  51. [5.9]
    COP29 reaches $300 billion annual deal to support developing countries in climate fight (cbc.ca)
    12h

    ScoresSource
  52. [4.8]
    COP29 concludes with $300 billion annual climate finance deal for developing nations (euronews.com)
    12h
    Source
  53. [6.3]
    Nations agree on $300 billion annual climate funding for developing countries at UN talks (apnews.com)
    12h

    ScoresSource
  54. [5.3]
    COP29 reaches $300 billion climate finance agreement to aid developing nations (rnz.co.nz)
    12h

    ScoresSource
  55. [5.6]
    COP29 concludes with agreement on $300 billion climate funding target (dw.com)
    12h

    ScoresSource
  56. [4.9]
    COP29 reaches $300 billion climate finance deal to support developing nations (news.yahoo.com)
    12h
    Source
  57. [4.2]
    Disputes over climate finance stall progress at COP29 conference (thehindu.com)
    12h
    Source
  58. [4.5]
    Countries reach US$300 billion climate finance deal at Cop29 in Azerbaijan (scmp.com)
    12h
    Source
  59. [5.4]
    Rich nations boost climate finance offer to $300 billion by 2035 at COP29 (nbcnews.com)
    12h

    ScoresSource
  60. [4.9]
    Countries agree to $300 billion climate finance target at COP29 in Azerbaijan (rappler.com)
    12h
    Source
  61. [5.6]
    Developing nations reject climate finance deal at UN talks in Azerbaijan (cnn.com)
    13h

    ScoresSource
  62. [5.9]
    UN climate talks prepare to vote on $300 billion funding package for developing nations (chicagotribune.com)
    13h

    ScoresSource
  63. [6.1]
    Developed nations propose $300 billion annual climate finance for Global South by 2035 (thehindu.com)
    13h

    ScoresSource
  64. [5.7]
    COP29 negotiators near agreement on $300 billion climate finance deal (newstalkzb.co.nz)
    13h

    ScoresSource
  65. [5.2]
    COP29 proposes $300 billion annual climate finance deal for developing nations (gazette.com)
    13h

    ScoresSource
  66. [5.5]
    UN climate talks extend as negotiators seek $300 billion funding deal for developing nations (globalnews.ca)
    13h

    ScoresSource
  67. [3.4]
    COP29 adopts carbon market rules as vulnerable nations seek increased climate finance (climatechangenews.com)
    14h
    Source
  68. [5.2]
    Dozens of nations walk out of COP29 climate talks over funding dispute in Baku (bbc.com)
    14h

    ScoresSource
  69. [5.6]
    Developing nations reject climate finance deal at UN talks in Azerbaijan (cnn.com)
    15h

    ScoresSource
  70. [6.0]
    Rich nations boost climate finance offer to $300 billion at COP29 (odt.co.nz)
    15h

    ScoresSource
  71. [4.7]
    Countries agree on carbon credit market rules at COP29 in Baku (ft.com)
    15h
    Source
  72. [4.8]
    UN climate talks falter as developing nations reject proposed $300 billion deal (pressherald.com)
    16h
    Source
  73. [4.7]
    Countries fail to reach climate finance deal at COP29 after extended negotiations (economictimes.indiatimes.com)
    16h
    Source
  74. [4.9]
    U.N. approves new carbon trading rules at COP29 climate talks (thehindu.com)
    16h
    Source
  75. [4.9]
    U.N. climate talks face divisions as developing nations reject funding plan in Baku (latimes.com)
    16h
    Source
  76. [5.4]
    Rich nations boost climate finance offer to $300 billion at COP29 to seek agreement (rnz.co.nz)
    16h

    ScoresSource
  77. [4.6]
    Hope rises for funding deal at UN climate talks despite ongoing opposition (gazette.com)
    16h
    Source
  78. [5.3]
    Wealthy nations boost climate finance offer to $300 billion at COP29 talks (news.yahoo.com)
    16h

    ScoresSource
  79. [4.3]
    COP29 negotiations face challenges as talks extend beyond deadline (standard.co.uk)
    16h
    Source
  80. [5.5]
    UN climate talks falter as developing nations reject draft deal for financial support (castanet.net)
    16h

    ScoresSource
  81. [4.3]
    Countries adopt UN carbon trading rules at COP29 (sg.news.yahoo.com)
    17h
    Source
  82. [4.9]
    Vulnerable nations walk out of COP29 climate talks as key ministers leave negotiations (newsroom.co.nz)
    17h
    Source
  83. [4.5]
    COP29 establishes global carbon credit trading market (gazette.com)
    17h
    Source
  84. [4.6]
    COP29 establishes rules for global carbon credit trading market (news.yahoo.com)
    18h
    Source
  85. [3.1]
    Saudi Arabia faces accusations of altering COP29 negotiating text as tensions rise (firstpost.com)
    18h
    Source
  86. [4.3]
    Countries negotiate extended climate finance targets at COP29 summit (reuters.com)
    18h
    Source
  87. [4.6]
    Wealthy nations boost climate finance offer to $300 billion at COP29 in Azerbaijan (geo.tv)
    18h
    Source
  88. [5.3]
    UN climate summit faces crisis as vulnerable nations walk out of finance talks (ft.com)
    19h

    ScoresSource
  89. [4.7]
    COP29 negotiations falter as small island nations exit talks over climate finance concerns (independent.co.uk)
    19h
    Source
  90. [4.6]
    Developing nations walk out of COP29 climate talks over funding disputes (thejournal.ie)
    19h
    Source
  91. [4.9]
    Developing nations reject climate finance draft at COP29 as negotiations stall (time.com)
    19h
    Source
  92. [5.3]
    Tensions rise at Cop29 climate talks in Baku as developing nations walk out over finance disputes (irishtimes.com)
    19h

    ScoresSource
  93. [4.7]
    Developing nations walk out of UN climate talks over finance disputes in Baku (aljazeera.com)
    19h
    Source
  94. [4.2]
    Climate-vulnerable nations exit COP29 talks over funding disputes (news.sky.com)
    21h
    Source
  95. [5.1]
    UN climate talks falter as developing nations reject draft deal for financial support (gazette.com)
    21h

    ScoresSource
  96. [3.7]
    Saudi Arabia faces accusations of altering Cop29 negotiating text, raising summit concerns (theguardian.com)
    21h
    Source
  97. [5.5]
    Wealthy nations boost climate finance offer to $300 billion at COP29 (economictimes.indiatimes.com)
    21h

    ScoresSource
  98. [5.4]
    Climate vulnerable nations walk out of COP29 talks in Azerbaijan (dw.com)
    21h

    ScoresSource
  99. [5.5]
    Developing nations reject climate financing draft at UN talks as tensions rise (regina.ctvnews.ca)
    21h

    ScoresSource
  100. [5.4]
    Leaked climate finance draft at COP29 sparks outrage among developing nations (hindustantimes.com)
    22h

    ScoresSource
  101. [5.7]
    Wealthy nations propose $300 billion climate deal for poorer countries at COP29 (politico.eu)
    22h

    ScoresSource
  102. [5.1]
    Developing nations express disappointment over climate funding deal at COP29 (scmp.com)
    24h

    ScoresSource
  103. [4.6]
    UN climate talks in Baku extend as negotiators seek financial deal for developing nations (gazette.com)
    24h
    Source
  104. [5.1]
    Negotiators extend UN climate talks in Baku to secure funding for developing nations (independent.co.uk)
    1d 1h

    ScoresSource
  105. [4.5]
    Negotiations at Cop29 in Baku extend as climate finance deal remains unresolved (news.yahoo.com)
    1d 2h
    Source
  106. [5.4]
    COP29 in Azerbaijan struggles to reach climate finance deal as key leaders miss conference (nbcnews.com)
    1d 2h

    ScoresSource
  107. [4.7]
    Wealthy nations agree to raise climate finance target to $300 billion by 2035 at COP29 (geo.tv)
    1d 2h
    Source
  108. [5.7]
    Developing countries reject new climate finance proposal as insufficient (dawn.com)
    1d 3h

    ScoresSource
  109. [4.9]
    US and EU support new $300 billion annual climate finance target at COP29 (livemint.com)
    1d 3h
    Source
  110. [6.3]
    Wealthy countries agree to boost climate finance to $300 billion annually at UN talks (theguardian.com)
    1d 3h

    ScoresSource
  111. [6.0]
    Wealthy countries agree to boost climate finance offer to $300 billion annually at UN talks (news.yahoo.com)
    1d 4h

    ScoresSource
  112. [3.8]
    Frustration grows over climate progress as COP29 in Baku highlights funding and fossil fuel concerns (euronews.com)
    1d 5h
    Source
  113. [5.2]
    Wealthy nations agree to raise climate finance target to $300 billion at COP29 (gazette.com)
    1d 5h

    ScoresSource
  114. [5.6]
    Wealthy nations agree to raise climate finance target to $300 billion at COP29 (news.yahoo.com)
    1d 5h

    ScoresSource
  115. [5.4]
    COP29 negotiations stall on climate finance for developing nations (economictimes.indiatimes.com)
    1d 6h

    ScoresSource
  116. [3.9]
    COP29 climate finance talks stall as developing nations reject funding proposal (hindustantimes.com)
    1d 6h
    Source
  117. [5.2]
    Negotiators extend UN climate talks in Baku to secure funding for developing nations (gazette.com)
    1d 7h

    ScoresSource
  118. [5.7]
    Negotiators extend talks in Baku to secure climate funding for developing nations (clickondetroit.com)
    1d 7h

    ScoresSource
  119. [5.7]
    Negotiators extend talks in Baku to secure climate funding for developing nations (abcnews.go.com)
    1d 7h

    ScoresSource
  120. [4.4]
    Civil society protests climate finance proposal at COP29 summit (thehindu.com)
    1d 8h
    Source
  121. [5.6]
    Developing countries reject climate finance offer as Pakistan calls for regional cooperation (dawn.com)
    1d 8h

    ScoresSource
  122. [3.8]
    COP29 negotiations extend as climate finance disagreements persist (timesofindia.indiatimes.com)
    1d 8h
    Source
  123. [5.1]
    COP29 sets $1.3 trillion climate finance goal but raises concerns over funding clarity (livemint.com)
    1d 10h

    ScoresSource
  124. [5.1]
    COP29 climate summit extends as $385 billion funding deal faces challenges (abc.net.au)
    1d 13h

    ScoresSource
  125. [5.3]
    UN climate summit draft reveals funding gap between rich and developing nations (newsweek.com)
    1d 13h

    ScoresSource
  126. [5.6]
    Draft deal at COP29 calls for $250 billion in annual climate finance from wealthy nations (ndtv.com)
    1d 14h

    ScoresSource
  127. [4.8]
    COP29 negotiator says $250 billion funding target needs improvement (news.yahoo.com)
    1d 15h
    Source
  128. [6.4]
    Draft deal at COP29 calls for rich nations to commit $250 billion annually by 2035 (economictimes.indiatimes.com)
    1d 15h

    ScoresSource
  129. [4.9]
    Developing countries urged to reject insufficient climate finance proposal at Cop29 (theguardian.com)
    1d 16h
    Source
  130. [6.4]
    Developing nations criticize COP29 climate finance proposal as inadequate (ft.com)
    1d 16h

    ScoresSource
  131. [4.5]
    COP29 talks extended as developing nations reject $250 billion climate finance offer (hindustantimes.com)
    1d 16h
    Source
  132. [4.3]
    COP29 summit in Baku extends as climate finance negotiations stall (newsroom.co.nz)
    1d 17h
    Source
  133. [4.9]
    Baku climate talks extend as developing nations reject funding proposal (thehindu.com)
    1d 19h
    Source
  134. [4.7]
    Developing countries criticize $250 billion climate finance offer at COP29 (firstpost.com)
    1d 19h
    Source
  135. [5.5]
    Time running out for climate finance deal at COP29 as Canada calls for more support (globalnews.ca)
    1d 19h

    ScoresSource
  136. [5.7]
    Draft climate funding deal at UN summit reveals divide between rich and poor nations (triblive.com)
    1d 21h

    ScoresSource
  137. [4.9]
    UN climate talks in Azerbaijan extend as nations debate funding and fossil fuel policies (theguardian.com)
    1d 21h
    Source
  138. [5.4]
    UN climate summit proposes $250 billion deal for developing nations by 2035 (gazette.com)
    1d 22h

    ScoresSource
  139. [5.7]
    Developing nations criticize $250 billion climate finance offer at Cop29 summit (theguardian.com)
    1d 22h

    ScoresSource
  140. [4.9]
    Azerbaijan sets $250 billion annual climate finance target at COP29 (euronews.com)
    1d 23h
    Source
  141. [5.8]
    COP29 draft agreement proposes $250 billion climate finance goal, disappointing developing nations (dw.com)
    1d 23h

    ScoresSource