Developing countries reject climate finance offer as Pakistan calls for regional cooperation
Developing countries have rejected a new climate finance proposal that offers $250 billion annually by 2035, significantly lower than their demand for $1.3 trillion. Pakistan's climate change coordinator criticized the offer as unacceptable, highlighting the urgent need for more substantial support. In response to rapid glacier melting in the Hindu Kush and Himalaya region, Pakistan is advocating for regional cooperation to address climate challenges. The country emphasizes the importance of glaciers for water supply and agriculture, urging a united approach among affected nations. Pakistan and other countries are pushing for a "mountain agenda" at COP29, focusing on the unique vulnerabilities of mountainous regions. They aim to enhance climate diplomacy and collaboration to tackle the impacts of climate change on their communities and livelihoods.