Developing nations criticize COP29 climate finance proposal as inadequate

ft.com November 22, 2024, 08:01 PM UTC

At the COP29 summit in Baku, rich nations proposed $250 billion in climate finance for poorer countries, which has been criticized as "totally unacceptable" and insufficient. Developing nations argue they need at least $390 billion annually by 2035 to address climate change. The proposal aims to replace a previous $100 billion target but falls short of the $1.3 trillion needed each year. The G77 group of developing countries is calling for a minimum of $500 billion, highlighting the disparity in funding expectations. Negotiations are ongoing, with discussions focused on balancing adaptation and mitigation financing. The talks have been complicated by political factors, including the recent election of Donald Trump and the withdrawal of Argentina's negotiators.


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Timeline:

  1. [4.9]
    Activists criticize Cop29 climate finance deal as inadequate for developing nations (standard.co.uk)
    <1h
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  2. [5.6]
    Eamon Ryan praises COP29 climate finance deal despite criticism from activists (rte.ie)
    <1h

  3. [5.6]
    Wealthy nations pledge $300 billion for climate support at Cop 29 but face criticism over fossil fuel plans (irishtimes.com)
    <1h

  4. [4.4]
    Developing nations reject COP29 climate deal as inadequate funding falls short (forbes.com)
    1h
    Source
  5. [5.2]
    Developing countries criticize Cop29 climate finance deal as insufficient for urgent needs (irishtimes.com)
    1h

  6. [5.3]
    Rich nations struggle to commit to climate finance at COP29 in Baku (frontline.thehindu.com)
    1h

  7. [5.1]
    Greenpeace criticizes $300 billion climate finance deal at Cop29 as inadequate (news.yahoo.com)
    1h

  8. [5.3]
    Greenpeace criticizes Cop29 climate finance deal as inadequate (standard.co.uk)
    1h

  9. [4.8]
    Countries agree on new carbon market rules at COP29 to boost climate efforts (theguardian.com)
    3h
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  10. [4.8]
    Countries establish new carbon trading rules at Cop29 to support climate goals (news.yahoo.com)
    3h
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  11. [4.5]
    Irish climate minister calls COP29 deal a necessary step for future action (standard.co.uk)
    3h
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  12. [4.2]
    COP29 in Azerbaijan agrees on $300 billion climate finance but faces criticism from developing nations (rappler.com)
    4h
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  13. [4.7]
    Developing nations criticize $300 billion climate finance deal at COP29 summit (brecorder.com)
    5h
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  14. [6.0]
    Developing nations criticize $300 billion climate deal at UN summit in Azerbaijan (news.yahoo.com)
    5h

  15. [6.3]
    Cop29 reaches climate finance deal but campaigners call it a betrayal (irishtimes.com)
    5h

  16. [4.4]
    COP29 establishes carbon credit trading scheme amid criticism of effectiveness (rnz.co.nz)
    6h
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  17. [4.5]
    India rejects $300 billion climate finance deal at COP29 summit (ndtv.com)
    6h
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  18. [4.9]
    COP29 climate talks in Azerbaijan secure $300 billion annual finance deal and global carbon trading rules (theconversation.com)
    7h
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  19. [5.5]
    Ed Miliband announces $300 billion climate deal at Cop29 in Azerbaijan (standard.co.uk)
    8h

  20. [3.8]
    COP29 climate talks conclude with $300 billion finance deal and carbon trading rules (home.nzcity.co.nz)
    8h
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  21. [4.9]
    India rejects climate finance decision at COP29, advocates for Global South (hindustantimes.com)
    9h
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  22. [5.1]
    COP29 climate summit in Baku extends negotiations over funding gap for developing nations (dawn.com)
    9h

  23. [5.3]
    Developed nations pledge $300 billion for climate aid but developing countries express disappointment (firstpost.com)
    9h

  24. [4.8]
    India rejects $300 billion climate finance package as inadequate for developing nations (timesnownews.com)
    10h
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  25. [5.3]
    Negotiators fail to finalize climate finance goal at Baku conference (dawn.com)
    10h

  26. [5.1]
    COP29 secures $300 billion climate finance deal for developing countries but falls short of $1.3 trillion goal (forbes.com)
    10h

  27. [5.0]
    COP29 climate summit in Azerbaijan sets $300 billion annual climate finance target by 2035 (reuters.com)
    10h

  28. [5.7]
    Wealthy nations commit $300 billion annually to support poorer countries in climate crisis response at COP29 (cnn.com)
    10h

  29. [3.9]
    COP29 climate summit in Azerbaijan sets $300 billion annual finance goal by 2035 (gazette.com)
    10h
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  30. [5.9]
    Developing nations criticize $300 billion climate deal at COP29 summit in Azerbaijan (thehindu.com)
    10h

  31. [4.3]
    India rejects $300 billion climate finance package at COP29 in Azerbaijan (zeenews.india.com)
    10h
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  32. [5.9]
    Cop29 reaches $300 billion climate finance deal as developing nations call it inadequate (economictimes.indiatimes.com)
    11h

  33. [5.2]
    Developing nations criticize Cop29 climate deal as inadequate for their needs (scmp.com)
    11h

  34. [5.7]
    Wealthy nations pledge $300 billion annually by 2035 to support Global South in climate fight (livemint.com)
    11h

  35. [4.2]
    COP29 climate summit in Azerbaijan sets $300 billion annual finance target by 2035 (news.yahoo.com)
    11h
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  36. [5.5]
    Cop29 reaches $300 billion climate finance deal but developing nations call it inadequate (timesofindia.indiatimes.com)
    11h

  37. [5.8]
    Nations agree to $300 billion annual climate fund for developing countries at UN talks (triblive.com)
    12h

  38. [3.8]
    Nearly 200 nations agree on £240 billion climate finance deal at COP29 summit in Azerbaijan (dailymail.co.uk)
    12h
    Source
  39. [5.5]
    Richer nations pledge $300 billion to support climate action in developing countries at COP29 (bbc.com)
    12h

  40. [5.8]
    Developing nations criticize $300 billion climate deal as inadequate (sg.news.yahoo.com)
    12h

  41. [5.6]
    Wealthy nations pledge $300 billion annually to support developing countries in climate fight (newsweek.com)
    12h

  42. [5.5]
    India rejects climate finance package citing insufficient funds for developing nations (economictimes.indiatimes.com)
    12h

  43. [6.4]
    Countries reach funding agreement at UN climate talks to support developing nations (economictimes.indiatimes.com)
    12h

  44. [5.8]
    Countries agree to $300 billion annual climate fund for developing nations (inquirer.net)
    13h

  45. [5.7]
    UN climate talks reach $300 billion annual funding deal for developing nations (gazette.com)
    13h

  46. [6.1]
    Nations agree on $300 billion annual climate fund for developing countries at UN talks (wcvb.com)
    13h

  47. [5.9]
    Climate negotiators reach $300 billion deal at COP29 but face backlash from developing nations (npr.org)
    13h

  48. [5.9]
    Nations agree to $300 billion annual funding for developing countries at COP29 (cbsnews.com)
    13h

  49. [5.7]
    Countries agree to $460 billion climate finance deal at COP29 conference (smh.com.au)
    13h

  50. [6.1]
    Countries agree on new climate funding deal at UN talks in Baku (thestar.com)
    13h

  51. [6.0]
    Nations agree on $300 billion annual climate fund for developing countries at UN talks (wmur.com)
    13h

  52. [5.8]
    Countries reach $1.3 trillion climate finance deal at Cop29 but face backlash from campaigners (theguardian.com)
    13h

  53. [5.5]
    Nations agree to $300 billion annual climate fund for developing countries at COP29 (time.com)
    13h

  54. [6.2]
    UN climate talks secure $300 billion annual deal to aid developing nations (thestar.com)
    13h

  55. [6.2]
    Nations agree on $300 billion annual climate fund for developing countries at UN talks (kcra.com)
    13h

  56. [5.6]
    Climate summit approves $300 billion financing deal for climate support (politico.eu)
    14h

  57. [5.6]
    COP29 concludes with agreement on $300 billion climate funding target (dw.com)
    14h

  58. [4.9]
    COP29 reaches $300 billion climate finance deal to support developing nations (news.yahoo.com)
    14h
    Source
  59. [4.2]
    Disputes over climate finance stall progress at COP29 conference (thehindu.com)
    14h
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  60. [5.8]
    COP29 nations agree on $460 billion annual climate funding deal for developing countries (abc.net.au)
    14h

  61. [5.7]
    World reaches $300 billion climate deal for developing countries at COP29 (dw.com)
    14h

  62. [5.9]
    COP29 reaches $300 billion annual deal to support developing countries in climate fight (cbc.ca)
    14h

  63. [5.4]
    Rich nations boost climate finance offer to $300 billion by 2035 at COP29 (nbcnews.com)
    14h

  64. [4.9]
    Countries agree to $300 billion climate finance target at COP29 in Azerbaijan (rappler.com)
    14h
    Source
  65. [4.8]
    COP29 concludes with $300 billion annual climate finance deal for developing nations (euronews.com)
    14h
    Source
  66. [6.3]
    Nations agree on $300 billion annual climate funding for developing countries at UN talks (apnews.com)
    14h

  67. [5.7]
    Developed countries agree to $300 billion climate finance deal at COP29 (dw.com)
    14h

  68. [5.1]
    COP29 concludes with climate finance deal to boost funding for developing nations (japantimes.co.jp)
    14h

  69. [4.5]
    Countries reach US$300 billion climate finance deal at Cop29 in Azerbaijan (scmp.com)
    14h
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  70. [5.3]
    COP29 reaches $300 billion climate finance agreement to aid developing nations (rnz.co.nz)
    14h

  71. [5.5]
    UN climate talks extend as negotiators seek $300 billion funding deal for developing nations (globalnews.ca)
    15h

  72. [5.6]
    Developing nations reject climate finance deal at UN talks in Azerbaijan (cnn.com)
    15h

  73. [5.7]
    COP29 negotiators near agreement on $300 billion climate finance deal (newstalkzb.co.nz)
    15h

  74. [6.1]
    Developed nations propose $300 billion annual climate finance for Global South by 2035 (thehindu.com)
    15h

  75. [5.2]
    COP29 proposes $300 billion annual climate finance deal for developing nations (gazette.com)
    15h

  76. [5.9]
    UN climate talks prepare to vote on $300 billion funding package for developing nations (chicagotribune.com)
    15h

  77. [5.2]
    Dozens of nations walk out of COP29 climate talks over funding dispute in Baku (bbc.com)
    16h

  78. [3.4]
    COP29 adopts carbon market rules as vulnerable nations seek increased climate finance (climatechangenews.com)
    16h
    Source
  79. [5.6]
    Developing nations reject climate finance deal at UN talks in Azerbaijan (cnn.com)
    17h

  80. [4.7]
    Countries agree on carbon credit market rules at COP29 in Baku (ft.com)
    17h
    Source
  81. [6.0]
    Rich nations boost climate finance offer to $300 billion at COP29 (odt.co.nz)
    17h

  82. [4.6]
    Hope rises for funding deal at UN climate talks despite ongoing opposition (gazette.com)
    18h
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  83. [4.9]
    U.N. climate talks face divisions as developing nations reject funding plan in Baku (latimes.com)
    18h
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  84. [5.4]
    Rich nations boost climate finance offer to $300 billion at COP29 to seek agreement (rnz.co.nz)
    18h

  85. [4.8]
    UN climate talks falter as developing nations reject proposed $300 billion deal (pressherald.com)
    18h
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  86. [4.3]
    COP29 negotiations face challenges as talks extend beyond deadline (standard.co.uk)
    18h
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  87. [4.9]
    U.N. approves new carbon trading rules at COP29 climate talks (thehindu.com)
    18h
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  88. [5.3]
    Wealthy nations boost climate finance offer to $300 billion at COP29 talks (news.yahoo.com)
    18h

  89. [4.7]
    Countries fail to reach climate finance deal at COP29 after extended negotiations (economictimes.indiatimes.com)
    18h
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  90. [5.5]
    UN climate talks falter as developing nations reject draft deal for financial support (castanet.net)
    18h

  91. [4.9]
    Vulnerable nations walk out of COP29 climate talks as key ministers leave negotiations (newsroom.co.nz)
    19h
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  92. [4.5]
    COP29 establishes global carbon credit trading market (gazette.com)
    19h
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  93. [4.3]
    Countries adopt UN carbon trading rules at COP29 (sg.news.yahoo.com)
    19h
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  94. [3.1]
    Saudi Arabia faces accusations of altering COP29 negotiating text as tensions rise (firstpost.com)
    20h
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  95. [4.6]
    COP29 establishes rules for global carbon credit trading market (news.yahoo.com)
    20h
    Source
  96. [4.6]
    Wealthy nations boost climate finance offer to $300 billion at COP29 in Azerbaijan (geo.tv)
    20h
    Source
  97. [4.3]
    Countries negotiate extended climate finance targets at COP29 summit (reuters.com)
    20h
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  98. [5.3]
    Tensions rise at Cop29 climate talks in Baku as developing nations walk out over finance disputes (irishtimes.com)
    21h

  99. [5.3]
    UN climate summit faces crisis as vulnerable nations walk out of finance talks (ft.com)
    21h

  100. [4.9]
    Developing nations reject climate finance draft at COP29 as negotiations stall (time.com)
    21h
    Source
  101. [4.6]
    Developing nations walk out of COP29 climate talks over funding disputes (thejournal.ie)
    21h
    Source
  102. [4.7]
    Developing nations walk out of UN climate talks over finance disputes in Baku (aljazeera.com)
    21h
    Source
  103. [4.7]
    COP29 negotiations falter as small island nations exit talks over climate finance concerns (independent.co.uk)
    21h
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  104. [5.5]
    Wealthy nations boost climate finance offer to $300 billion at COP29 (economictimes.indiatimes.com)
    23h

  105. [5.4]
    Climate vulnerable nations walk out of COP29 talks in Azerbaijan (dw.com)
    23h

  106. [3.7]
    Saudi Arabia faces accusations of altering Cop29 negotiating text, raising summit concerns (theguardian.com)
    23h
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  107. [4.2]
    Climate-vulnerable nations exit COP29 talks over funding disputes (news.sky.com)
    23h
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  108. [5.1]
    UN climate talks falter as developing nations reject draft deal for financial support (gazette.com)
    23h

  109. [5.5]
    Developing nations reject climate financing draft at UN talks as tensions rise (regina.ctvnews.ca)
    23h

  110. [5.7]
    Wealthy nations propose $300 billion climate deal for poorer countries at COP29 (politico.eu)
    24h

  111. [5.4]
    Leaked climate finance draft at COP29 sparks outrage among developing nations (hindustantimes.com)
    24h

  112. [4.6]
    UN climate talks in Baku extend as negotiators seek financial deal for developing nations (gazette.com)
    1d 2h
    Source
  113. [5.1]
    Developing nations express disappointment over climate funding deal at COP29 (scmp.com)
    1d 2h

  114. [5.1]
    Negotiators extend UN climate talks in Baku to secure funding for developing nations (independent.co.uk)
    1d 3h

  115. [4.7]
    Wealthy nations agree to raise climate finance target to $300 billion by 2035 at COP29 (geo.tv)
    1d 4h
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  116. [4.5]
    Negotiations at Cop29 in Baku extend as climate finance deal remains unresolved (news.yahoo.com)
    1d 4h
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  117. [5.4]
    COP29 in Azerbaijan struggles to reach climate finance deal as key leaders miss conference (nbcnews.com)
    1d 4h

  118. [6.3]
    Wealthy countries agree to boost climate finance to $300 billion annually at UN talks (theguardian.com)
    1d 5h

  119. [5.7]
    Developing countries reject new climate finance proposal as insufficient (dawn.com)
    1d 5h

  120. [4.9]
    US and EU support new $300 billion annual climate finance target at COP29 (livemint.com)
    1d 5h
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  121. [6.0]
    Wealthy countries agree to boost climate finance offer to $300 billion annually at UN talks (news.yahoo.com)
    1d 6h

  122. [3.8]
    Frustration grows over climate progress as COP29 in Baku highlights funding and fossil fuel concerns (euronews.com)
    1d 7h
    Source
  123. [5.2]
    Wealthy nations agree to raise climate finance target to $300 billion at COP29 (gazette.com)
    1d 7h

  124. [5.6]
    Wealthy nations agree to raise climate finance target to $300 billion at COP29 (news.yahoo.com)
    1d 7h

  125. [5.4]
    COP29 negotiations stall on climate finance for developing nations (economictimes.indiatimes.com)
    1d 8h

  126. [3.9]
    COP29 climate finance talks stall as developing nations reject funding proposal (hindustantimes.com)
    1d 8h
    Source
  127. [5.2]
    Negotiators extend UN climate talks in Baku to secure funding for developing nations (gazette.com)
    1d 9h

  128. [5.7]
    Negotiators extend talks in Baku to secure climate funding for developing nations (abcnews.go.com)
    1d 9h

  129. [5.7]
    Negotiators extend talks in Baku to secure climate funding for developing nations (clickondetroit.com)
    1d 9h

  130. [3.8]
    COP29 negotiations extend as climate finance disagreements persist (timesofindia.indiatimes.com)
    1d 10h
    Source
  131. [5.6]
    Developing countries reject climate finance offer as Pakistan calls for regional cooperation (dawn.com)
    1d 10h

  132. [4.4]
    Civil society protests climate finance proposal at COP29 summit (thehindu.com)
    1d 10h
    Source
  133. [5.1]
    COP29 sets $1.3 trillion climate finance goal but raises concerns over funding clarity (livemint.com)
    1d 12h

  134. [5.3]
    UN climate summit draft reveals funding gap between rich and developing nations (newsweek.com)
    1d 15h

  135. [5.1]
    COP29 climate summit extends as $385 billion funding deal faces challenges (abc.net.au)
    1d 15h

  136. [5.6]
    Draft deal at COP29 calls for $250 billion in annual climate finance from wealthy nations (ndtv.com)
    1d 16h

  137. [6.4]
    Draft deal at COP29 calls for rich nations to commit $250 billion annually by 2035 (economictimes.indiatimes.com)
    1d 17h

  138. [4.8]
    COP29 negotiator says $250 billion funding target needs improvement (news.yahoo.com)
    1d 17h
    Source
  139. [4.9]
    Developing countries urged to reject insufficient climate finance proposal at Cop29 (theguardian.com)
    1d 18h
    Source
  140. [4.5]
    COP29 talks extended as developing nations reject $250 billion climate finance offer (hindustantimes.com)
    1d 18h
    Source
  141. [4.3]
    COP29 summit in Baku extends as climate finance negotiations stall (newsroom.co.nz)
    1d 19h
    Source
  142. [4.9]
    Baku climate talks extend as developing nations reject funding proposal (thehindu.com)
    1d 21h
    Source
  143. [4.7]
    Developing countries criticize $250 billion climate finance offer at COP29 (firstpost.com)
    1d 21h
    Source
  144. [5.5]
    Time running out for climate finance deal at COP29 as Canada calls for more support (globalnews.ca)
    1d 21h

  145. [4.9]
    UN climate talks in Azerbaijan extend as nations debate funding and fossil fuel policies (theguardian.com)
    1d 23h
    Source
  146. [5.7]
    Draft climate funding deal at UN summit reveals divide between rich and poor nations (triblive.com)
    1d 23h