Developing countries urged to reject insufficient climate finance proposal at Cop29

Developing countries are being urged to reject a financial proposal at the UN climate talks, which they deem "insulting." Rich nations have offered $250 billion annually by 2035, but this amount is seen as insufficient for addressing climate challenges. Civil society groups and poor country representatives argue that the proposed funding does not meet the necessary $1.3 trillion per year needed for climate action. Activists are calling for a potential walkout if a better deal is not reached. Criticism has also been directed at Azerbaijan, the host country, for downplaying commitments to transition away from fossil fuels. Negotiations are ongoing, with expectations for a new draft text to be presented soon.