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Countries reach $1.3 trillion climate finance deal at Cop29 but face backlash from campaigners

theguardian.com — November 24, 2024, 01:04 AM UTC

Rich and poor countries reached a $1.3 trillion climate finance agreement at Cop29, aimed at helping developing nations transition to low-carbon economies by 2035. However, only $300 billion will come from grants and low-interest loans, with the rest from private sources. Campaigners criticized the deal as a "betrayal," arguing it does not provide sufficient immediate support for vulnerable countries. Many developing nations sought more direct funding from wealthier countries, rather than relying on private investments and potential new revenue sources. The negotiations faced challenges, including the looming re-election of Donald Trump, which raised concerns about future U.S. climate finance. Some countries, like India, expressed strong objections, while others, including Saudi Arabia, were accused of obstructing progress on fossil fuel transition commitments.

With a significance score of 5.8, this news ranks in the top 1% of today's 12884 analyzed articles.

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

Timeline:

  1. [5.1]
    Greenpeace criticizes $300 billion climate finance deal at Cop29 as inadequate (news.yahoo.com)
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  2. [5.2]
    Developing countries criticize Cop29 climate finance deal as insufficient for urgent needs (irishtimes.com)
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  3. [5.3]
    Rich nations struggle to commit to climate finance at COP29 in Baku (frontline.thehindu.com)
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  4. [5.3]
    Greenpeace criticizes Cop29 climate finance deal as inadequate (standard.co.uk)
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  5. [4.4]
    Developing nations reject COP29 climate deal as inadequate funding falls short (forbes.com)
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  6. [4.8]
    Countries establish new carbon trading rules at Cop29 to support climate goals (news.yahoo.com)
    2h
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  7. [4.8]
    Countries agree on new carbon market rules at COP29 to boost climate efforts (theguardian.com)
    2h
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  8. [4.2]
    COP29 in Azerbaijan agrees on $300 billion climate finance but faces criticism from developing nations (rappler.com)
    3h
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  9. [6.0]
    Developing nations criticize $300 billion climate deal at UN summit in Azerbaijan (news.yahoo.com)
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  10. [6.3]
    Cop29 reaches climate finance deal but campaigners call it a betrayal (irishtimes.com)
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  11. [4.7]
    Developing nations criticize $300 billion climate finance deal at COP29 summit (brecorder.com)
    4h
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  12. [4.4]
    COP29 establishes carbon credit trading scheme amid criticism of effectiveness (rnz.co.nz)
    5h
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  13. [4.5]
    India rejects $300 billion climate finance deal at COP29 summit (ndtv.com)
    5h
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  14. [4.9]
    COP29 climate talks in Azerbaijan secure $300 billion annual finance deal and global carbon trading rules (theconversation.com)
    6h
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  15. [5.5]
    Ed Miliband announces $300 billion climate deal at Cop29 in Azerbaijan (standard.co.uk)
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  16. [3.8]
    COP29 climate talks conclude with $300 billion finance deal and carbon trading rules (home.nzcity.co.nz)
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  17. [5.3]
    Developed nations pledge $300 billion for climate aid but developing countries express disappointment (firstpost.com)
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  18. [4.9]
    India rejects climate finance decision at COP29, advocates for Global South (hindustantimes.com)
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  19. [5.1]
    COP29 climate summit in Baku extends negotiations over funding gap for developing nations (dawn.com)
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  20. [5.9]
    Developing nations criticize $300 billion climate deal at COP29 summit in Azerbaijan (thehindu.com)
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  21. [5.7]
    Wealthy nations commit $300 billion annually to support poorer countries in climate crisis response at COP29 (cnn.com)
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  22. [3.9]
    COP29 climate summit in Azerbaijan sets $300 billion annual finance goal by 2035 (gazette.com)
    9h
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  23. [4.3]
    India rejects $300 billion climate finance package at COP29 in Azerbaijan (zeenews.india.com)
    9h
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  24. [4.8]
    India rejects $300 billion climate finance package as inadequate for developing nations (timesnownews.com)
    9h
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  25. [5.0]
    COP29 climate summit in Azerbaijan sets $300 billion annual climate finance target by 2035 (reuters.com)
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  26. [5.1]
    COP29 secures $300 billion climate finance deal for developing countries but falls short of $1.3 trillion goal (forbes.com)
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  27. [5.3]
    Negotiators fail to finalize climate finance goal at Baku conference (dawn.com)
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  28. [5.9]
    Cop29 reaches $300 billion climate finance deal as developing nations call it inadequate (economictimes.indiatimes.com)
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  29. [4.2]
    COP29 climate summit in Azerbaijan sets $300 billion annual finance target by 2035 (news.yahoo.com)
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  30. [5.2]
    Developing nations criticize Cop29 climate deal as inadequate for their needs (scmp.com)
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  31. [5.7]
    Wealthy nations pledge $300 billion annually by 2035 to support Global South in climate fight (livemint.com)
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  32. [5.5]
    Cop29 reaches $300 billion climate finance deal but developing nations call it inadequate (timesofindia.indiatimes.com)
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  33. [5.5]
    Richer nations pledge $300 billion to support climate action in developing countries at COP29 (bbc.com)
    11h

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  34. [3.8]
    Nearly 200 nations agree on £240 billion climate finance deal at COP29 summit in Azerbaijan (dailymail.co.uk)
    11h
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  35. [5.6]
    Wealthy nations pledge $300 billion annually to support developing countries in climate fight (newsweek.com)
    11h

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  36. [5.5]
    India rejects climate finance package citing insufficient funds for developing nations (economictimes.indiatimes.com)
    11h

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  37. [6.4]
    Countries reach funding agreement at UN climate talks to support developing nations (economictimes.indiatimes.com)
    11h

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  38. [5.8]
    Developing nations criticize $300 billion climate deal as inadequate (sg.news.yahoo.com)
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  39. [5.8]
    Nations agree to $300 billion annual climate fund for developing countries at UN talks (triblive.com)
    11h

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  40. [6.1]
    Nations agree on $300 billion annual climate fund for developing countries at UN talks (wcvb.com)
    12h

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  41. [5.9]
    Climate negotiators reach $300 billion deal at COP29 but face backlash from developing nations (npr.org)
    12h

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  42. [6.0]
    Nations agree on $300 billion annual climate fund for developing countries at UN talks (wmur.com)
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  43. [5.7]
    UN climate talks reach $300 billion annual funding deal for developing nations (gazette.com)
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  44. [6.1]
    Countries agree on new climate funding deal at UN talks in Baku (thestar.com)
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  45. [6.2]
    UN climate talks secure $300 billion annual deal to aid developing nations (thestar.com)
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  46. [5.8]
    Countries reach $1.3 trillion climate finance deal at Cop29 but face backlash from campaigners (theguardian.com)
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  47. [5.5]
    Nations agree to $300 billion annual climate fund for developing countries at COP29 (time.com)
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  48. [6.2]
    Nations agree on $300 billion annual climate fund for developing countries at UN talks (kcra.com)
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  49. [5.8]
    Countries agree to $300 billion annual climate fund for developing nations (inquirer.net)
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  50. [5.7]
    Countries agree to $460 billion climate finance deal at COP29 conference (smh.com.au)
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  51. [5.9]
    Nations agree to $300 billion annual funding for developing countries at COP29 (cbsnews.com)
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  52. [5.1]
    COP29 concludes with climate finance deal to boost funding for developing nations (japantimes.co.jp)
    13h

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  53. [5.9]
    COP29 reaches $300 billion annual deal to support developing countries in climate fight (cbc.ca)
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  54. [5.4]
    Rich nations boost climate finance offer to $300 billion by 2035 at COP29 (nbcnews.com)
    13h

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  55. [5.8]
    COP29 nations agree on $460 billion annual climate funding deal for developing countries (abc.net.au)
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  56. [4.2]
    Disputes over climate finance stall progress at COP29 conference (thehindu.com)
    13h
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  57. [5.7]
    World reaches $300 billion climate deal for developing countries at COP29 (dw.com)
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  58. [4.9]
    COP29 reaches $300 billion climate finance deal to support developing nations (news.yahoo.com)
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  59. [5.7]
    Developed countries agree to $300 billion climate finance deal at COP29 (dw.com)
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  60. [6.3]
    Nations agree on $300 billion annual climate funding for developing countries at UN talks (apnews.com)
    13h

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  61. [4.8]
    COP29 concludes with $300 billion annual climate finance deal for developing nations (euronews.com)
    13h
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  62. [5.3]
    COP29 reaches $300 billion climate finance agreement to aid developing nations (rnz.co.nz)
    13h

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  63. [5.6]
    COP29 concludes with agreement on $300 billion climate funding target (dw.com)
    13h

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  64. [4.5]
    Countries reach US$300 billion climate finance deal at Cop29 in Azerbaijan (scmp.com)
    13h
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  65. [4.9]
    Countries agree to $300 billion climate finance target at COP29 in Azerbaijan (rappler.com)
    13h
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  66. [5.6]
    Climate summit approves $300 billion financing deal for climate support (politico.eu)
    13h

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  67. [6.1]
    Developed nations propose $300 billion annual climate finance for Global South by 2035 (thehindu.com)
    14h

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  68. [5.6]
    Developing nations reject climate finance deal at UN talks in Azerbaijan (cnn.com)
    14h

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  69. [5.2]
    COP29 proposes $300 billion annual climate finance deal for developing nations (gazette.com)
    14h

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  70. [5.5]
    UN climate talks extend as negotiators seek $300 billion funding deal for developing nations (globalnews.ca)
    14h

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  71. [5.7]
    COP29 negotiators near agreement on $300 billion climate finance deal (newstalkzb.co.nz)
    14h

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  72. [5.9]
    UN climate talks prepare to vote on $300 billion funding package for developing nations (chicagotribune.com)
    14h

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  73. [3.4]
    COP29 adopts carbon market rules as vulnerable nations seek increased climate finance (climatechangenews.com)
    15h
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  74. [5.2]
    Dozens of nations walk out of COP29 climate talks over funding dispute in Baku (bbc.com)
    15h

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  75. [5.6]
    Developing nations reject climate finance deal at UN talks in Azerbaijan (cnn.com)
    16h

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  76. [4.7]
    Countries agree on carbon credit market rules at COP29 in Baku (ft.com)
    16h
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  77. [6.0]
    Rich nations boost climate finance offer to $300 billion at COP29 (odt.co.nz)
    16h

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  78. [4.7]
    Countries fail to reach climate finance deal at COP29 after extended negotiations (economictimes.indiatimes.com)
    17h
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  79. [4.3]
    COP29 negotiations face challenges as talks extend beyond deadline (standard.co.uk)
    17h
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  80. [5.3]
    Wealthy nations boost climate finance offer to $300 billion at COP29 talks (news.yahoo.com)
    17h

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  81. [4.9]
    U.N. climate talks face divisions as developing nations reject funding plan in Baku (latimes.com)
    17h
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  82. [4.8]
    UN climate talks falter as developing nations reject proposed $300 billion deal (pressherald.com)
    17h
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  83. [4.9]
    U.N. approves new carbon trading rules at COP29 climate talks (thehindu.com)
    17h
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  84. [5.4]
    Rich nations boost climate finance offer to $300 billion at COP29 to seek agreement (rnz.co.nz)
    17h

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  85. [5.5]
    UN climate talks falter as developing nations reject draft deal for financial support (castanet.net)
    17h

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  86. [4.6]
    Hope rises for funding deal at UN climate talks despite ongoing opposition (gazette.com)
    17h
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  87. [4.9]
    Vulnerable nations walk out of COP29 climate talks as key ministers leave negotiations (newsroom.co.nz)
    18h
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  88. [4.5]
    COP29 establishes global carbon credit trading market (gazette.com)
    18h
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  89. [4.3]
    Countries adopt UN carbon trading rules at COP29 (sg.news.yahoo.com)
    18h
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  90. [4.3]
    Countries negotiate extended climate finance targets at COP29 summit (reuters.com)
    19h
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  91. [4.6]
    Wealthy nations boost climate finance offer to $300 billion at COP29 in Azerbaijan (geo.tv)
    19h
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  92. [3.1]
    Saudi Arabia faces accusations of altering COP29 negotiating text as tensions rise (firstpost.com)
    19h
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  93. [4.6]
    COP29 establishes rules for global carbon credit trading market (news.yahoo.com)
    19h
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  94. [4.9]
    Developing nations reject climate finance draft at COP29 as negotiations stall (time.com)
    20h
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  95. [4.6]
    Developing nations walk out of COP29 climate talks over funding disputes (thejournal.ie)
    20h
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  96. [5.3]
    Tensions rise at Cop29 climate talks in Baku as developing nations walk out over finance disputes (irishtimes.com)
    20h

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  97. [5.3]
    UN climate summit faces crisis as vulnerable nations walk out of finance talks (ft.com)
    20h

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  98. [4.7]
    COP29 negotiations falter as small island nations exit talks over climate finance concerns (independent.co.uk)
    20h
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  99. [4.7]
    Developing nations walk out of UN climate talks over finance disputes in Baku (aljazeera.com)
    20h
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  100. [5.5]
    Developing nations reject climate financing draft at UN talks as tensions rise (regina.ctvnews.ca)
    22h

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  101. [5.5]
    Wealthy nations boost climate finance offer to $300 billion at COP29 (economictimes.indiatimes.com)
    22h

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  102. [3.7]
    Saudi Arabia faces accusations of altering Cop29 negotiating text, raising summit concerns (theguardian.com)
    22h
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  103. [5.4]
    Climate vulnerable nations walk out of COP29 talks in Azerbaijan (dw.com)
    22h

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  104. [4.2]
    Climate-vulnerable nations exit COP29 talks over funding disputes (news.sky.com)
    22h
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  105. [5.1]
    UN climate talks falter as developing nations reject draft deal for financial support (gazette.com)
    22h

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  106. [5.4]
    Leaked climate finance draft at COP29 sparks outrage among developing nations (hindustantimes.com)
    23h

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  107. [5.7]
    Wealthy nations propose $300 billion climate deal for poorer countries at COP29 (politico.eu)
    23h

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  108. [5.1]
    Developing nations express disappointment over climate funding deal at COP29 (scmp.com)
    1d 1h

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  109. [4.6]
    UN climate talks in Baku extend as negotiators seek financial deal for developing nations (gazette.com)
    1d 1h
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  110. [5.1]
    Negotiators extend UN climate talks in Baku to secure funding for developing nations (independent.co.uk)
    1d 2h

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  111. [4.7]
    Wealthy nations agree to raise climate finance target to $300 billion by 2035 at COP29 (geo.tv)
    1d 3h
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  112. [5.4]
    COP29 in Azerbaijan struggles to reach climate finance deal as key leaders miss conference (nbcnews.com)
    1d 3h

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  113. [4.5]
    Negotiations at Cop29 in Baku extend as climate finance deal remains unresolved (news.yahoo.com)
    1d 3h
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  114. [6.3]
    Wealthy countries agree to boost climate finance to $300 billion annually at UN talks (theguardian.com)
    1d 4h

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  115. [4.9]
    US and EU support new $300 billion annual climate finance target at COP29 (livemint.com)
    1d 4h
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  116. [5.7]
    Developing countries reject new climate finance proposal as insufficient (dawn.com)
    1d 4h

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  117. [6.0]
    Wealthy countries agree to boost climate finance offer to $300 billion annually at UN talks (news.yahoo.com)
    1d 5h

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  118. [3.8]
    Frustration grows over climate progress as COP29 in Baku highlights funding and fossil fuel concerns (euronews.com)
    1d 6h
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  119. [5.6]
    Wealthy nations agree to raise climate finance target to $300 billion at COP29 (news.yahoo.com)
    1d 6h

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  120. [5.2]
    Wealthy nations agree to raise climate finance target to $300 billion at COP29 (gazette.com)
    1d 6h

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  121. [3.9]
    COP29 climate finance talks stall as developing nations reject funding proposal (hindustantimes.com)
    1d 7h
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  122. [5.4]
    COP29 negotiations stall on climate finance for developing nations (economictimes.indiatimes.com)
    1d 7h

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  123. [5.7]
    Negotiators extend talks in Baku to secure climate funding for developing nations (abcnews.go.com)
    1d 8h

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  124. [5.2]
    Negotiators extend UN climate talks in Baku to secure funding for developing nations (gazette.com)
    1d 8h

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  125. [5.7]
    Negotiators extend talks in Baku to secure climate funding for developing nations (clickondetroit.com)
    1d 8h

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  126. [5.6]
    Developing countries reject climate finance offer as Pakistan calls for regional cooperation (dawn.com)
    1d 9h

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  127. [3.8]
    COP29 negotiations extend as climate finance disagreements persist (timesofindia.indiatimes.com)
    1d 9h
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  128. [4.4]
    Civil society protests climate finance proposal at COP29 summit (thehindu.com)
    1d 9h
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  129. [5.1]
    COP29 sets $1.3 trillion climate finance goal but raises concerns over funding clarity (livemint.com)
    1d 11h

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  130. [5.3]
    UN climate summit draft reveals funding gap between rich and developing nations (newsweek.com)
    1d 14h

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  131. [5.1]
    COP29 climate summit extends as $385 billion funding deal faces challenges (abc.net.au)
    1d 14h

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  132. [5.6]
    Draft deal at COP29 calls for $250 billion in annual climate finance from wealthy nations (ndtv.com)
    1d 15h

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  133. [4.8]
    COP29 negotiator says $250 billion funding target needs improvement (news.yahoo.com)
    1d 16h
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  134. [6.4]
    Draft deal at COP29 calls for rich nations to commit $250 billion annually by 2035 (economictimes.indiatimes.com)
    1d 16h

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  135. [4.5]
    COP29 talks extended as developing nations reject $250 billion climate finance offer (hindustantimes.com)
    1d 17h
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  136. [4.9]
    Developing countries urged to reject insufficient climate finance proposal at Cop29 (theguardian.com)
    1d 17h
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  137. [4.3]
    COP29 summit in Baku extends as climate finance negotiations stall (newsroom.co.nz)
    1d 18h
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  138. [4.9]
    Baku climate talks extend as developing nations reject funding proposal (thehindu.com)
    1d 20h
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  139. [4.7]
    Developing countries criticize $250 billion climate finance offer at COP29 (firstpost.com)
    1d 20h
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  140. [5.5]
    Time running out for climate finance deal at COP29 as Canada calls for more support (globalnews.ca)
    1d 20h

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  141. [4.9]
    UN climate talks in Azerbaijan extend as nations debate funding and fossil fuel policies (theguardian.com)
    1d 22h
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  142. [5.7]
    Draft climate funding deal at UN summit reveals divide between rich and poor nations (triblive.com)
    1d 22h

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  143. [5.4]
    UN climate summit proposes $250 billion deal for developing nations by 2035 (gazette.com)
    1d 23h

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  144. [5.7]
    Developing nations criticize $250 billion climate finance offer at Cop29 summit (theguardian.com)
    1d 23h

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