Developing nations reject climate financing draft at UN talks as tensions rise
Negotiators at the UN climate talks faced setbacks as developing nations rejected a rough draft proposal for climate financing. The draft suggested US$300 billion annually, which falls short of the US$1.3 trillion needed for adaptation and mitigation efforts. Frustration grew among developing countries, particularly African nations and small island states, leading some to walk out of discussions. They criticized wealthy nations for not meeting their financial obligations and accused them of stalling negotiations. Despite the tensions, some delegates expressed hope for a resolution. The talks continue as developing nations seek a more substantial financial commitment to address climate change impacts.