Eamon Ryan praises COP29 climate finance deal despite criticism from activists
Eamon Ryan, Ireland's outgoing Minister for the Environment, praised the climate finance deal reached at COP29, which aims to provide $300 billion annually by 2035 to help poorer nations. This is an increase from the previous $100 billion commitment. The agreement also sets a broader goal of raising $1.3 trillion in climate finance each year by 2035, including public and private funding. Ryan highlighted the importance of maintaining commitments to transition away from fossil fuels. However, many activists and aid organizations criticized the deal, calling it insufficient and an "insult" to developing nations. They argue it fails to adequately address the financial needs of those most affected by climate change.