New Zealand faces increased climate finance obligations under new COP29 agreement

rnz.co.nz — November 24, 2024, 06:01 PM UTC

At COP29 in Azerbaijan, a new climate finance target was established, requiring developed countries to contribute $300 billion annually by 2035 to help developing nations reduce fossil fuel use. This marks a significant increase from New Zealand's current commitment of $235 million per year. New Zealand's contribution is based on a previous target of $100 billion, which was deemed insufficient by developing nations present at the conference. The new target aims to address the funding gap for decarbonization efforts, with an aspirational goal of $1.3 trillion annually. Critics, including representatives from India and small island nations, expressed dissatisfaction with the new target, calling it inadequate compared to global fossil fuel subsidies. The agreement was reached quickly, leaving little room for discussion among delegates.

Article metrics

Significance5.8

Scale & Impact6.2

Positivity5.2

Credibility8.5

See today's significant news

With a significance score of 5.8, this news ranks in the top 1% of today's 12393 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 8000 minimalists.

Timeline:

[4.8]
COP29 sets $300 billion climate finance target for developing nations by 2035 (economictimes.indiatimes.com)
<1h
Source
[5.0]
India criticizes COP29 climate finance deal as inadequate for developing nations (economictimes.indiatimes.com)
<1h
Scores Source
[6.1]
Rich countries pledge $300 billion for climate finance by 2035 at COP29 in Baku (sg.news.yahoo.com)
<1h
Scores Source
[5.8]
Countries agree on new climate funding deal at UN talks in Baku (chicagotribune.com)
<1h
Scores Source
[5.8]
Wealthy nations commit $300 billion for climate finance at COP29 but face criticism for inadequacy (irishtimes.com)
<1h
Scores Source
[5.7]
Countries reach funding agreement to support climate action for developing nations (castanet.net)
1h
Scores Source
[5.7]
New Zealand faces potential funding increase as COP29 sets climate finance target (odt.co.nz)
1h
Scores Source
[5.3]
Cop29 climate deal faces backlash over insufficient funding for developing nations (news.yahoo.com)
1h
Scores Source
[5.4]
Developing nations criticize $300 billion climate finance deal at COP29 as inadequate (dawn.com)
1h
Scores Source
[4.3]
COP29 climate summit faces backlash over inadequate agreements and absent leaders (news.yahoo.com)
2h
Source
[4.8]
Developed countries set low climate finance goal at COP29, disappointing many (newsroom.co.nz)
2h
Source
[5.7]
Critics slam Cop29 climate finance deal as inadequate for developing nations (theguardian.com)
2h
Scores Source
[5.8]
New Zealand faces increased climate finance obligations under new COP29 agreement (rnz.co.nz)
2h
Scores Source
[6.0]
COP29 reaches $300 billion climate finance deal but developing nations seek more support (irishtimes.com)
2h
Scores Source
[4.1]
COP 29 climate talks in Baku conclude with limited progress (economist.com)
2h
Source
[4.3]
India rejects COP29 climate finance deal, calls $300 billion pledge inadequate (timesofindia.indiatimes.com)
2h
Source
[4.5]
COP29 talks in Baku fail to secure strong climate finance agreement (thehindu.com)
4h
Source
[5.2]
COP29 in Baku falls short on climate finance for developing nations (livemint.com)
4h
Scores Source
[5.1]
COP29 in Baku sets new climate finance goal but developing nations express disappointment (hindustantimes.com)
5h
Scores Source
[5.6]
COP29 climate talks conclude with $300 billion annual finance deal for developing nations (news.yahoo.com)
5h
Scores Source
[5.9]
COP29 concludes with $300 billion climate finance deal for developing countries (bbc.com)
5h
Scores Source
[5.6]
Cop29 climate deal faces backlash over funding shortfall for developing nations (independent.co.uk)
5h
Scores Source
[5.6]
Wealthy nations pledge $300 billion for climate support at Cop 29 but face criticism over fossil fuel plans (irishtimes.com)
6h
Scores Source
[4.9]
Activists criticize Cop29 climate finance deal as inadequate for developing nations (standard.co.uk)
6h
Source
[5.6]
Eamon Ryan praises COP29 climate finance deal despite criticism from activists (rte.ie)
6h
Scores Source
[5.3]
Greenpeace criticizes Cop29 climate finance deal as inadequate (standard.co.uk)
7h
Scores Source
[5.2]
Developing countries criticize Cop29 climate finance deal as insufficient for urgent needs (irishtimes.com)
7h
Scores Source
[5.3]
Rich nations struggle to commit to climate finance at COP29 in Baku (frontline.thehindu.com)
7h
Scores Source
[4.4]
Developing nations reject COP29 climate deal as inadequate funding falls short (forbes.com)
7h
Source
[5.1]
Greenpeace criticizes $300 billion climate finance deal at Cop29 as inadequate (news.yahoo.com)
7h
Scores Source
[4.8]
Countries establish new carbon trading rules at Cop29 to support climate goals (news.yahoo.com)
9h
Source
[4.5]
Irish climate minister calls COP29 deal a necessary step for future action (standard.co.uk)
9h
Source
[4.8]
Countries agree on new carbon market rules at COP29 to boost climate efforts (theguardian.com)
9h
Source
[4.2]
COP29 in Azerbaijan agrees on $300 billion climate finance but faces criticism from developing nations (rappler.com)
10h
Source
[4.7]
Developing nations criticize $300 billion climate finance deal at COP29 summit (brecorder.com)
11h
Source
[6.3]
Cop29 reaches climate finance deal but campaigners call it a betrayal (irishtimes.com)
11h
Scores Source
[6.0]
Developing nations criticize $300 billion climate deal at UN summit in Azerbaijan (news.yahoo.com)
11h
Scores Source
[4.4]
COP29 establishes carbon credit trading scheme amid criticism of effectiveness (rnz.co.nz)
12h
Source
[4.5]
India rejects $300 billion climate finance deal at COP29 summit (ndtv.com)
12h
Source
[4.9]
COP29 climate talks in Azerbaijan secure $300 billion annual finance deal and global carbon trading rules (theconversation.com)
13h
Source
[5.5]
Ed Miliband announces $300 billion climate deal at Cop29 in Azerbaijan (standard.co.uk)
14h
Scores Source
[3.8]
COP29 climate talks conclude with $300 billion finance deal and carbon trading rules (home.nzcity.co.nz)
14h
Source
[4.9]
India rejects climate finance decision at COP29, advocates for Global South (hindustantimes.com)
15h
Source
[5.1]
COP29 climate summit in Baku extends negotiations over funding gap for developing nations (dawn.com)
15h
Scores Source
[5.3]
Developed nations pledge $300 billion for climate aid but developing countries express disappointment (firstpost.com)
15h
Scores Source
[5.0]
COP29 climate summit in Azerbaijan sets $300 billion annual climate finance target by 2035 (reuters.com)
16h
Scores Source
[4.8]
India rejects $300 billion climate finance package as inadequate for developing nations (timesnownews.com)
16h
Source
[5.3]
Negotiators fail to finalize climate finance goal at Baku conference (dawn.com)
16h
Scores Source
[5.1]
COP29 secures $300 billion climate finance deal for developing countries but falls short of $1.3 trillion goal (forbes.com)
16h
Scores Source
[4.3]
India rejects $300 billion climate finance package at COP29 in Azerbaijan (zeenews.india.com)
16h
Source
[3.9]
COP29 climate summit in Azerbaijan sets $300 billion annual finance goal by 2035 (gazette.com)
16h
Source
[5.9]
Developing nations criticize $300 billion climate deal at COP29 summit in Azerbaijan (thehindu.com)
16h
Scores Source
[5.7]
Wealthy nations commit $300 billion annually to support poorer countries in climate crisis response at COP29 (cnn.com)
16h
Scores Source
[5.7]
Wealthy nations pledge $300 billion annually by 2035 to support Global South in climate fight (livemint.com)
17h
Scores Source
[5.5]
Cop29 reaches $300 billion climate finance deal but developing nations call it inadequate (timesofindia.indiatimes.com)
17h
Scores Source
[5.9]
Cop29 reaches $300 billion climate finance deal as developing nations call it inadequate (economictimes.indiatimes.com)
17h
Scores Source
[5.2]
Developing nations criticize Cop29 climate deal as inadequate for their needs (scmp.com)
17h
Scores Source
[4.2]
COP29 climate summit in Azerbaijan sets $300 billion annual finance target by 2035 (news.yahoo.com)
17h
Source
[5.8]
Developing nations criticize $300 billion climate deal as inadequate (sg.news.yahoo.com)
18h
Scores Source
[5.5]
India rejects climate finance package citing insufficient funds for developing nations (economictimes.indiatimes.com)
18h
Scores Source
[3.8]
Nearly 200 nations agree on £240 billion climate finance deal at COP29 summit in Azerbaijan (dailymail.co.uk)
18h
Source
[5.8]
Nations agree to $300 billion annual climate fund for developing countries at UN talks (triblive.com)
18h
Scores Source
[5.5]
Richer nations pledge $300 billion to support climate action in developing countries at COP29 (bbc.com)
18h
Scores Source
[5.6]
Wealthy nations pledge $300 billion annually to support developing countries in climate fight (newsweek.com)
18h
Scores Source
[5.7]
Countries agree to $460 billion climate finance deal at COP29 conference (smh.com.au)
19h
Scores Source
[6.0]
Nations agree on $300 billion annual climate fund for developing countries at UN talks (wmur.com)
19h
Scores Source
[6.1]
Nations agree on $300 billion annual climate fund for developing countries at UN talks (wcvb.com)
19h
Scores Source
[6.1]
Countries agree on new climate funding deal at UN talks in Baku (thestar.com)
19h
Scores Source
[5.5]
Nations agree to $300 billion annual climate fund for developing countries at COP29 (time.com)
19h
Scores Source
[5.9]
Nations agree to $300 billion annual funding for developing countries at COP29 (cbsnews.com)
19h
Scores Source
[6.2]
UN climate talks secure $300 billion annual deal to aid developing nations (thestar.com)
19h
Scores Source
[6.2]
Nations agree on $300 billion annual climate fund for developing countries at UN talks (kcra.com)
19h
Scores Source
[5.8]
Countries reach $1.3 trillion climate finance deal at Cop29 but face backlash from campaigners (theguardian.com)
19h
Scores Source
[5.9]
Climate negotiators reach $300 billion deal at COP29 but face backlash from developing nations (npr.org)
19h
Scores Source
[5.7]
UN climate talks reach $300 billion annual funding deal for developing nations (gazette.com)
19h
Scores Source
[5.8]
Countries agree to $300 billion annual climate fund for developing nations (inquirer.net)
19h
Scores Source
[5.8]
COP29 nations agree on $460 billion annual climate funding deal for developing countries (abc.net.au)
20h
Scores Source
[6.3]
Nations agree on $300 billion annual climate funding for developing countries at UN talks (apnews.com)
20h
Scores Source
[5.7]
Developed countries agree to $300 billion climate finance deal at COP29 (dw.com)
20h
Scores Source
[5.3]
COP29 reaches $300 billion climate finance agreement to aid developing nations (rnz.co.nz)
20h
Scores Source
[4.2]
Disputes over climate finance stall progress at COP29 conference (thehindu.com)
20h
Source
[5.4]
Rich nations boost climate finance offer to $300 billion by 2035 at COP29 (nbcnews.com)
20h
Scores Source
[5.1]
COP29 concludes with climate finance deal to boost funding for developing nations (japantimes.co.jp)
20h
Scores Source
[5.6]
COP29 concludes with agreement on $300 billion climate funding target (dw.com)
20h
Scores Source
[5.7]
World reaches $300 billion climate deal for developing countries at COP29 (dw.com)
20h
Scores Source
[4.5]
Countries reach US$300 billion climate finance deal at Cop29 in Azerbaijan (scmp.com)
20h
Source
[4.9]
Countries agree to $300 billion climate finance target at COP29 in Azerbaijan (rappler.com)
20h
Source
[4.8]
COP29 concludes with $300 billion annual climate finance deal for developing nations (euronews.com)
20h
Source
[5.9]
COP29 reaches $300 billion annual deal to support developing countries in climate fight (cbc.ca)
20h
Scores Source
[4.9]
COP29 reaches $300 billion climate finance deal to support developing nations (news.yahoo.com)
20h
Source
[5.6]
Climate summit approves $300 billion financing deal for climate support (politico.eu)
20h
Scores Source
[5.2]
COP29 proposes $300 billion annual climate finance deal for developing nations (gazette.com)
21h
Scores Source
[6.1]
Developed nations propose $300 billion annual climate finance for Global South by 2035 (thehindu.com)
21h
Scores Source
[5.7]
COP29 negotiators near agreement on $300 billion climate finance deal (newstalkzb.co.nz)
21h
Scores Source
[5.9]
UN climate talks prepare to vote on $300 billion funding package for developing nations (chicagotribune.com)
21h
Scores Source
[5.5]
UN climate talks extend as negotiators seek $300 billion funding deal for developing nations (globalnews.ca)
21h
Scores Source
[5.6]
Developing nations reject climate finance deal at UN talks in Azerbaijan (cnn.com)
21h
Scores Source
[3.4]
COP29 adopts carbon market rules as vulnerable nations seek increased climate finance (climatechangenews.com)
22h
Source
[5.2]
Dozens of nations walk out of COP29 climate talks over funding dispute in Baku (bbc.com)
22h
Scores Source
[4.7]
Countries agree on carbon credit market rules at COP29 in Baku (ft.com)
23h
Source
[5.6]
Developing nations reject climate finance deal at UN talks in Azerbaijan (cnn.com)
23h
Scores Source
[6.0]
Rich nations boost climate finance offer to $300 billion at COP29 (odt.co.nz)
23h
Scores Source
[5.3]
Wealthy nations boost climate finance offer to $300 billion at COP29 talks (news.yahoo.com)
24h
Scores Source
[5.4]
Rich nations boost climate finance offer to $300 billion at COP29 to seek agreement (rnz.co.nz)
24h
Scores Source
[4.9]
U.N. climate talks face divisions as developing nations reject funding plan in Baku (latimes.com)
24h
Source
[4.8]
UN climate talks falter as developing nations reject proposed $300 billion deal (pressherald.com)
24h
Source
[4.3]
COP29 negotiations face challenges as talks extend beyond deadline (standard.co.uk)
24h
Source
[4.7]
Countries fail to reach climate finance deal at COP29 after extended negotiations (economictimes.indiatimes.com)
24h
Source
[4.9]
U.N. approves new carbon trading rules at COP29 climate talks (thehindu.com)
24h
Source
[4.6]
Hope rises for funding deal at UN climate talks despite ongoing opposition (gazette.com)
24h
Source
[5.5]
UN climate talks falter as developing nations reject draft deal for financial support (castanet.net)
24h
Scores Source
[4.3]
Countries adopt UN carbon trading rules at COP29 (sg.news.yahoo.com)
1d 1h
Source
[4.9]
Vulnerable nations walk out of COP29 climate talks as key ministers leave negotiations (newsroom.co.nz)
1d 1h
Source
[4.5]
COP29 establishes global carbon credit trading market (gazette.com)
1d 1h
Source
[4.3]
Countries negotiate extended climate finance targets at COP29 summit (reuters.com)
1d 2h
Source
[4.6]
Wealthy nations boost climate finance offer to $300 billion at COP29 in Azerbaijan (geo.tv)
1d 2h
Source
[3.1]
Saudi Arabia faces accusations of altering COP29 negotiating text as tensions rise (firstpost.com)
1d 2h
Source
[4.6]
COP29 establishes rules for global carbon credit trading market (news.yahoo.com)
1d 2h
Source
[5.3]
Tensions rise at Cop29 climate talks in Baku as developing nations walk out over finance disputes (irishtimes.com)
1d 3h
Scores Source
[4.9]
Developing nations reject climate finance draft at COP29 as negotiations stall (time.com)
1d 3h
Source
[4.6]
Developing nations walk out of COP29 climate talks over funding disputes (thejournal.ie)
1d 3h
Source
[5.3]
UN climate summit faces crisis as vulnerable nations walk out of finance talks (ft.com)
1d 3h
Scores Source
[4.7]
COP29 negotiations falter as small island nations exit talks over climate finance concerns (independent.co.uk)
1d 3h
Source
[4.7]
Developing nations walk out of UN climate talks over finance disputes in Baku (aljazeera.com)
1d 3h
Source
[5.4]
Climate vulnerable nations walk out of COP29 talks in Azerbaijan (dw.com)
1d 5h
Scores Source
[3.7]
Saudi Arabia faces accusations of altering Cop29 negotiating text, raising summit concerns (theguardian.com)
1d 5h
Source
[5.1]
UN climate talks falter as developing nations reject draft deal for financial support (gazette.com)
1d 5h
Scores Source
[5.5]
Wealthy nations boost climate finance offer to $300 billion at COP29 (economictimes.indiatimes.com)
1d 5h
Scores Source
[5.5]
Developing nations reject climate financing draft at UN talks as tensions rise (regina.ctvnews.ca)
1d 5h
Scores Source
[4.2]
Climate-vulnerable nations exit COP29 talks over funding disputes (news.sky.com)
1d 5h
Source
[5.4]
Leaked climate finance draft at COP29 sparks outrage among developing nations (hindustantimes.com)
1d 6h
Scores Source
[5.7]
Wealthy nations propose $300 billion climate deal for poorer countries at COP29 (politico.eu)
1d 6h
Scores Source
[4.6]
UN climate talks in Baku extend as negotiators seek financial deal for developing nations (gazette.com)
1d 8h
Source
[5.1]
Developing nations express disappointment over climate funding deal at COP29 (scmp.com)
1d 8h
Scores Source
[5.1]
Negotiators extend UN climate talks in Baku to secure funding for developing nations (independent.co.uk)
1d 9h
Scores Source
[5.4]
COP29 in Azerbaijan struggles to reach climate finance deal as key leaders miss conference (nbcnews.com)
1d 10h
Scores Source
[4.5]
Negotiations at Cop29 in Baku extend as climate finance deal remains unresolved (news.yahoo.com)
1d 10h
Source
[4.7]
Wealthy nations agree to raise climate finance target to $300 billion by 2035 at COP29 (geo.tv)
1d 10h
Source
[5.7]
Developing countries reject new climate finance proposal as insufficient (dawn.com)
1d 11h
Scores Source
[6.3]
Wealthy countries agree to boost climate finance to $300 billion annually at UN talks (theguardian.com)
1d 11h
Scores Source
[4.9]
US and EU support new $300 billion annual climate finance target at COP29 (livemint.com)
1d 11h
Source
[6.0]
Wealthy countries agree to boost climate finance offer to $300 billion annually at UN talks (news.yahoo.com)
1d 12h
Scores Source
[5.6]
Wealthy nations agree to raise climate finance target to $300 billion at COP29 (news.yahoo.com)
1d 13h
Scores Source
[5.2]
Wealthy nations agree to raise climate finance target to $300 billion at COP29 (gazette.com)
1d 13h
Scores Source
[3.9]
COP29 climate finance talks stall as developing nations reject funding proposal (hindustantimes.com)
1d 14h
Source
[5.4]
COP29 negotiations stall on climate finance for developing nations (economictimes.indiatimes.com)
1d 14h
Scores Source
[5.7]
Negotiators extend talks in Baku to secure climate funding for developing nations (abcnews.go.com)
1d 15h
Scores Source
[5.2]
Negotiators extend UN climate talks in Baku to secure funding for developing nations (gazette.com)
1d 15h
Scores Source
[5.7]
Negotiators extend talks in Baku to secure climate funding for developing nations (clickondetroit.com)
1d 15h
Scores Source
[4.4]
Civil society protests climate finance proposal at COP29 summit (thehindu.com)
1d 16h
Source
[3.8]
COP29 negotiations extend as climate finance disagreements persist (timesofindia.indiatimes.com)
1d 16h
Source
[5.6]
Developing countries reject climate finance offer as Pakistan calls for regional cooperation (dawn.com)
1d 16h
Scores Source
[5.1]
COP29 sets $1.3 trillion climate finance goal but raises concerns over funding clarity (livemint.com)
1d 18h
Scores Source
[5.1]
COP29 climate summit extends as $385 billion funding deal faces challenges (abc.net.au)
1d 21h
Scores Source
[5.3]
UN climate summit draft reveals funding gap between rich and developing nations (newsweek.com)
1d 21h
Scores Source
[5.6]
Draft deal at COP29 calls for $250 billion in annual climate finance from wealthy nations (ndtv.com)
1d 22h
Scores Source
[4.8]
COP29 negotiator says $250 billion funding target needs improvement (news.yahoo.com)
1d 23h
Source
[6.4]
Draft deal at COP29 calls for rich nations to commit $250 billion annually by 2035 (economictimes.indiatimes.com)
1d 23h
Scores Source