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UN climate summit draft reveals funding gap between rich and developing nations

newsweek.com — November 22, 2024, 11:01 PM UTC

A draft proposal at the UN climate summit in Baku has highlighted a divide between rich and developing nations over climate financing. The plan offers $250 billion by 2035 from wealthy countries, which is less than the $1.3 trillion needed for climate damage recovery. Developing countries have criticized the proposal, calling it inadequate and primarily composed of loans, which could worsen their debt issues. Climate advocates argue that the funding falls short of addressing the urgent needs caused by extreme weather events. Wealthy nations defend the draft as a realistic starting point, acknowledging the challenges in meeting even the proposed amount. Some negotiators view it as a foundation for future discussions, while others stress the need for increased commitments.

With a significance score of 5.3, this news ranks in the top 1% of today's 12900 analyzed articles.

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

Timeline:

  1. [4.8]
    Countries agree on new carbon market rules at COP29 to boost climate efforts (theguardian.com)
    1h
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  2. [4.8]
    Countries establish new carbon trading rules at Cop29 to support climate goals (news.yahoo.com)
    1h
    Source
  3. [4.2]
    COP29 in Azerbaijan agrees on $300 billion climate finance but faces criticism from developing nations (rappler.com)
    2h
    Source
  4. [6.0]
    Developing nations criticize $300 billion climate deal at UN summit in Azerbaijan (news.yahoo.com)
    3h

    ScoresSource
  5. [6.3]
    Cop29 reaches climate finance deal but campaigners call it a betrayal (irishtimes.com)
    3h

    ScoresSource
  6. [4.7]
    Developing nations criticize $300 billion climate finance deal at COP29 summit (brecorder.com)
    3h
    Source
  7. [4.5]
    India rejects $300 billion climate finance deal at COP29 summit (ndtv.com)
    4h
    Source
  8. [4.4]
    COP29 establishes carbon credit trading scheme amid criticism of effectiveness (rnz.co.nz)
    4h
    Source
  9. [4.9]
    COP29 climate talks in Azerbaijan secure $300 billion annual finance deal and global carbon trading rules (theconversation.com)
    5h
    Source
  10. [3.8]
    COP29 climate talks conclude with $300 billion finance deal and carbon trading rules (home.nzcity.co.nz)
    6h
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  11. [5.5]
    Ed Miliband announces $300 billion climate deal at Cop29 in Azerbaijan (standard.co.uk)
    6h

    ScoresSource
  12. [4.9]
    India rejects climate finance decision at COP29, advocates for Global South (hindustantimes.com)
    7h
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  13. [5.3]
    Developed nations pledge $300 billion for climate aid but developing countries express disappointment (firstpost.com)
    7h

    ScoresSource
  14. [5.1]
    COP29 climate summit in Baku extends negotiations over funding gap for developing nations (dawn.com)
    7h

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  15. [5.1]
    COP29 secures $300 billion climate finance deal for developing countries but falls short of $1.3 trillion goal (forbes.com)
    8h

    ScoresSource
  16. [4.3]
    India rejects $300 billion climate finance package at COP29 in Azerbaijan (zeenews.india.com)
    8h
    Source
  17. [3.9]
    COP29 climate summit in Azerbaijan sets $300 billion annual finance goal by 2035 (gazette.com)
    8h
    Source
  18. [4.8]
    India rejects $300 billion climate finance package as inadequate for developing nations (timesnownews.com)
    8h
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  19. [5.0]
    COP29 climate summit in Azerbaijan sets $300 billion annual climate finance target by 2035 (reuters.com)
    8h

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  20. [5.7]
    Wealthy nations commit $300 billion annually to support poorer countries in climate crisis response at COP29 (cnn.com)
    8h

    ScoresSource
  21. [5.9]
    Developing nations criticize $300 billion climate deal at COP29 summit in Azerbaijan (thehindu.com)
    8h

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  22. [5.3]
    Negotiators fail to finalize climate finance goal at Baku conference (dawn.com)
    8h

    ScoresSource
  23. [5.2]
    Developing nations criticize Cop29 climate deal as inadequate for their needs (scmp.com)
    9h

    ScoresSource
  24. [4.2]
    COP29 climate summit in Azerbaijan sets $300 billion annual finance target by 2035 (news.yahoo.com)
    9h
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  25. [5.7]
    Wealthy nations pledge $300 billion annually by 2035 to support Global South in climate fight (livemint.com)
    9h

    ScoresSource
  26. [5.9]
    Cop29 reaches $300 billion climate finance deal as developing nations call it inadequate (economictimes.indiatimes.com)
    9h

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  27. [5.5]
    Cop29 reaches $300 billion climate finance deal but developing nations call it inadequate (timesofindia.indiatimes.com)
    9h

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  28. [6.4]
    Countries reach funding agreement at UN climate talks to support developing nations (economictimes.indiatimes.com)
    10h

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  29. [5.8]
    Nations agree to $300 billion annual climate fund for developing countries at UN talks (triblive.com)
    10h

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  30. [5.5]
    Richer nations pledge $300 billion to support climate action in developing countries at COP29 (bbc.com)
    10h

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  31. [5.5]
    India rejects climate finance package citing insufficient funds for developing nations (economictimes.indiatimes.com)
    10h

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  32. [3.8]
    Nearly 200 nations agree on £240 billion climate finance deal at COP29 summit in Azerbaijan (dailymail.co.uk)
    10h
    Source
  33. [5.8]
    Developing nations criticize $300 billion climate deal as inadequate (sg.news.yahoo.com)
    10h

    ScoresSource
  34. [5.6]
    Wealthy nations pledge $300 billion annually to support developing countries in climate fight (newsweek.com)
    10h

    ScoresSource
  35. [6.1]
    Countries agree on new climate funding deal at UN talks in Baku (thestar.com)
    11h

    ScoresSource
  36. [6.2]
    Nations agree on $300 billion annual climate fund for developing countries at UN talks (kcra.com)
    11h

    ScoresSource
  37. [5.5]
    Nations agree to $300 billion annual climate fund for developing countries at COP29 (time.com)
    11h

    ScoresSource
  38. [5.9]
    Nations agree to $300 billion annual funding for developing countries at COP29 (cbsnews.com)
    11h

    ScoresSource
  39. [6.0]
    Nations agree on $300 billion annual climate fund for developing countries at UN talks (wmur.com)
    11h

    ScoresSource
  40. [5.7]
    Countries agree to $460 billion climate finance deal at COP29 conference (smh.com.au)
    11h

    ScoresSource
  41. [6.1]
    Nations agree on $300 billion annual climate fund for developing countries at UN talks (wcvb.com)
    11h

    ScoresSource
  42. [5.8]
    Countries reach $1.3 trillion climate finance deal at Cop29 but face backlash from campaigners (theguardian.com)
    11h

    ScoresSource
  43. [6.2]
    UN climate talks secure $300 billion annual deal to aid developing nations (thestar.com)
    11h

    ScoresSource
  44. [5.8]
    Countries agree to $300 billion annual climate fund for developing nations (inquirer.net)
    11h

    ScoresSource
  45. [5.9]
    Climate negotiators reach $300 billion deal at COP29 but face backlash from developing nations (npr.org)
    11h

    ScoresSource
  46. [5.7]
    UN climate talks reach $300 billion annual funding deal for developing nations (gazette.com)
    11h

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  47. [5.4]
    Rich nations boost climate finance offer to $300 billion by 2035 at COP29 (nbcnews.com)
    12h

    ScoresSource
  48. [5.1]
    COP29 concludes with climate finance deal to boost funding for developing nations (japantimes.co.jp)
    12h

    ScoresSource
  49. [4.2]
    Disputes over climate finance stall progress at COP29 conference (thehindu.com)
    12h
    Source
  50. [4.5]
    Countries reach US$300 billion climate finance deal at Cop29 in Azerbaijan (scmp.com)
    12h
    Source
  51. [5.8]
    COP29 nations agree on $460 billion annual climate funding deal for developing countries (abc.net.au)
    12h

    ScoresSource
  52. [5.7]
    World reaches $300 billion climate deal for developing countries at COP29 (dw.com)
    12h

    ScoresSource
  53. [4.9]
    COP29 reaches $300 billion climate finance deal to support developing nations (news.yahoo.com)
    12h
    Source
  54. [5.3]
    COP29 reaches $300 billion climate finance agreement to aid developing nations (rnz.co.nz)
    12h

    ScoresSource
  55. [6.3]
    Nations agree on $300 billion annual climate funding for developing countries at UN talks (apnews.com)
    12h

    ScoresSource
  56. [5.7]
    Developed countries agree to $300 billion climate finance deal at COP29 (dw.com)
    12h

    ScoresSource
  57. [5.6]
    Climate summit approves $300 billion financing deal for climate support (politico.eu)
    12h

    ScoresSource
  58. [5.6]
    COP29 concludes with agreement on $300 billion climate funding target (dw.com)
    12h

    ScoresSource
  59. [4.8]
    COP29 concludes with $300 billion annual climate finance deal for developing nations (euronews.com)
    12h
    Source
  60. [5.9]
    COP29 reaches $300 billion annual deal to support developing countries in climate fight (cbc.ca)
    12h

    ScoresSource
  61. [4.9]
    Countries agree to $300 billion climate finance target at COP29 in Azerbaijan (rappler.com)
    12h
    Source
  62. [6.1]
    Developed nations propose $300 billion annual climate finance for Global South by 2035 (thehindu.com)
    13h

    ScoresSource
  63. [5.6]
    Developing nations reject climate finance deal at UN talks in Azerbaijan (cnn.com)
    13h

    ScoresSource
  64. [5.5]
    UN climate talks extend as negotiators seek $300 billion funding deal for developing nations (globalnews.ca)
    13h

    ScoresSource
  65. [5.7]
    COP29 negotiators near agreement on $300 billion climate finance deal (newstalkzb.co.nz)
    13h

    ScoresSource
  66. [5.2]
    COP29 proposes $300 billion annual climate finance deal for developing nations (gazette.com)
    13h

    ScoresSource
  67. [5.9]
    UN climate talks prepare to vote on $300 billion funding package for developing nations (chicagotribune.com)
    13h

    ScoresSource
  68. [3.4]
    COP29 adopts carbon market rules as vulnerable nations seek increased climate finance (climatechangenews.com)
    14h
    Source
  69. [5.2]
    Dozens of nations walk out of COP29 climate talks over funding dispute in Baku (bbc.com)
    14h

    ScoresSource
  70. [4.7]
    Countries agree on carbon credit market rules at COP29 in Baku (ft.com)
    15h
    Source
  71. [5.6]
    Developing nations reject climate finance deal at UN talks in Azerbaijan (cnn.com)
    15h

    ScoresSource
  72. [6.0]
    Rich nations boost climate finance offer to $300 billion at COP29 (odt.co.nz)
    15h

    ScoresSource
  73. [4.9]
    U.N. climate talks face divisions as developing nations reject funding plan in Baku (latimes.com)
    16h
    Source
  74. [4.9]
    U.N. approves new carbon trading rules at COP29 climate talks (thehindu.com)
    16h
    Source
  75. [4.7]
    Countries fail to reach climate finance deal at COP29 after extended negotiations (economictimes.indiatimes.com)
    16h
    Source
  76. [5.4]
    Rich nations boost climate finance offer to $300 billion at COP29 to seek agreement (rnz.co.nz)
    16h

    ScoresSource
  77. [5.3]
    Wealthy nations boost climate finance offer to $300 billion at COP29 talks (news.yahoo.com)
    16h

    ScoresSource
  78. [4.8]
    UN climate talks falter as developing nations reject proposed $300 billion deal (pressherald.com)
    16h
    Source
  79. [4.3]
    COP29 negotiations face challenges as talks extend beyond deadline (standard.co.uk)
    16h
    Source
  80. [4.6]
    Hope rises for funding deal at UN climate talks despite ongoing opposition (gazette.com)
    16h
    Source
  81. [5.5]
    UN climate talks falter as developing nations reject draft deal for financial support (castanet.net)
    16h

    ScoresSource
  82. [4.3]
    Countries adopt UN carbon trading rules at COP29 (sg.news.yahoo.com)
    17h
    Source
  83. [4.5]
    COP29 establishes global carbon credit trading market (gazette.com)
    17h
    Source
  84. [4.9]
    Vulnerable nations walk out of COP29 climate talks as key ministers leave negotiations (newsroom.co.nz)
    17h
    Source
  85. [3.1]
    Saudi Arabia faces accusations of altering COP29 negotiating text as tensions rise (firstpost.com)
    18h
    Source
  86. [4.6]
    COP29 establishes rules for global carbon credit trading market (news.yahoo.com)
    18h
    Source
  87. [4.3]
    Countries negotiate extended climate finance targets at COP29 summit (reuters.com)
    18h
    Source
  88. [4.6]
    Wealthy nations boost climate finance offer to $300 billion at COP29 in Azerbaijan (geo.tv)
    18h
    Source
  89. [4.6]
    Developing nations walk out of COP29 climate talks over funding disputes (thejournal.ie)
    19h
    Source
  90. [5.3]
    Tensions rise at Cop29 climate talks in Baku as developing nations walk out over finance disputes (irishtimes.com)
    19h

    ScoresSource
  91. [4.7]
    Developing nations walk out of UN climate talks over finance disputes in Baku (aljazeera.com)
    19h
    Source
  92. [5.3]
    UN climate summit faces crisis as vulnerable nations walk out of finance talks (ft.com)
    19h

    ScoresSource
  93. [4.9]
    Developing nations reject climate finance draft at COP29 as negotiations stall (time.com)
    19h
    Source
  94. [4.7]
    COP29 negotiations falter as small island nations exit talks over climate finance concerns (independent.co.uk)
    19h
    Source
  95. [5.4]
    Climate vulnerable nations walk out of COP29 talks in Azerbaijan (dw.com)
    21h

    ScoresSource
  96. [4.2]
    Climate-vulnerable nations exit COP29 talks over funding disputes (news.sky.com)
    21h
    Source
  97. [3.7]
    Saudi Arabia faces accusations of altering Cop29 negotiating text, raising summit concerns (theguardian.com)
    21h
    Source
  98. [5.5]
    Developing nations reject climate financing draft at UN talks as tensions rise (regina.ctvnews.ca)
    21h

    ScoresSource
  99. [5.1]
    UN climate talks falter as developing nations reject draft deal for financial support (gazette.com)
    21h

    ScoresSource
  100. [5.5]
    Wealthy nations boost climate finance offer to $300 billion at COP29 (economictimes.indiatimes.com)
    21h

    ScoresSource
  101. [5.7]
    Wealthy nations propose $300 billion climate deal for poorer countries at COP29 (politico.eu)
    22h

    ScoresSource
  102. [5.4]
    Leaked climate finance draft at COP29 sparks outrage among developing nations (hindustantimes.com)
    22h

    ScoresSource
  103. [4.6]
    UN climate talks in Baku extend as negotiators seek financial deal for developing nations (gazette.com)
    24h
    Source
  104. [5.1]
    Developing nations express disappointment over climate funding deal at COP29 (scmp.com)
    24h

    ScoresSource
  105. [5.1]
    Negotiators extend UN climate talks in Baku to secure funding for developing nations (independent.co.uk)
    1d 1h

    ScoresSource
  106. [4.5]
    Negotiations at Cop29 in Baku extend as climate finance deal remains unresolved (news.yahoo.com)
    1d 2h
    Source
  107. [4.7]
    Wealthy nations agree to raise climate finance target to $300 billion by 2035 at COP29 (geo.tv)
    1d 2h
    Source
  108. [5.4]
    COP29 in Azerbaijan struggles to reach climate finance deal as key leaders miss conference (nbcnews.com)
    1d 2h

    ScoresSource
  109. [6.3]
    Wealthy countries agree to boost climate finance to $300 billion annually at UN talks (theguardian.com)
    1d 3h

    ScoresSource
  110. [5.7]
    Developing countries reject new climate finance proposal as insufficient (dawn.com)
    1d 3h

    ScoresSource
  111. [4.9]
    US and EU support new $300 billion annual climate finance target at COP29 (livemint.com)
    1d 3h
    Source
  112. [6.0]
    Wealthy countries agree to boost climate finance offer to $300 billion annually at UN talks (news.yahoo.com)
    1d 4h

    ScoresSource
  113. [5.2]
    Wealthy nations agree to raise climate finance target to $300 billion at COP29 (gazette.com)
    1d 5h

    ScoresSource
  114. [5.6]
    Wealthy nations agree to raise climate finance target to $300 billion at COP29 (news.yahoo.com)
    1d 5h

    ScoresSource
  115. [3.8]
    Frustration grows over climate progress as COP29 in Baku highlights funding and fossil fuel concerns (euronews.com)
    1d 5h
    Source
  116. [5.4]
    COP29 negotiations stall on climate finance for developing nations (economictimes.indiatimes.com)
    1d 6h

    ScoresSource
  117. [3.9]
    COP29 climate finance talks stall as developing nations reject funding proposal (hindustantimes.com)
    1d 6h
    Source
  118. [5.7]
    Negotiators extend talks in Baku to secure climate funding for developing nations (clickondetroit.com)
    1d 7h

    ScoresSource
  119. [5.2]
    Negotiators extend UN climate talks in Baku to secure funding for developing nations (gazette.com)
    1d 7h

    ScoresSource
  120. [5.7]
    Negotiators extend talks in Baku to secure climate funding for developing nations (abcnews.go.com)
    1d 7h

    ScoresSource
  121. [5.6]
    Developing countries reject climate finance offer as Pakistan calls for regional cooperation (dawn.com)
    1d 8h

    ScoresSource
  122. [4.4]
    Civil society protests climate finance proposal at COP29 summit (thehindu.com)
    1d 8h
    Source
  123. [3.8]
    COP29 negotiations extend as climate finance disagreements persist (timesofindia.indiatimes.com)
    1d 8h
    Source
  124. [5.1]
    COP29 sets $1.3 trillion climate finance goal but raises concerns over funding clarity (livemint.com)
    1d 10h

    ScoresSource
  125. [5.3]
    UN climate summit draft reveals funding gap between rich and developing nations (newsweek.com)
    1d 13h

    ScoresSource
  126. [5.1]
    COP29 climate summit extends as $385 billion funding deal faces challenges (abc.net.au)
    1d 13h

    ScoresSource
  127. [5.6]
    Draft deal at COP29 calls for $250 billion in annual climate finance from wealthy nations (ndtv.com)
    1d 14h

    ScoresSource
  128. [6.4]
    Draft deal at COP29 calls for rich nations to commit $250 billion annually by 2035 (economictimes.indiatimes.com)
    1d 15h

    ScoresSource
  129. [4.8]
    COP29 negotiator says $250 billion funding target needs improvement (news.yahoo.com)
    1d 15h
    Source
  130. [4.5]
    COP29 talks extended as developing nations reject $250 billion climate finance offer (hindustantimes.com)
    1d 16h
    Source
  131. [4.9]
    Developing countries urged to reject insufficient climate finance proposal at Cop29 (theguardian.com)
    1d 16h
    Source
  132. [4.3]
    COP29 summit in Baku extends as climate finance negotiations stall (newsroom.co.nz)
    1d 17h
    Source
  133. [4.7]
    Developing countries criticize $250 billion climate finance offer at COP29 (firstpost.com)
    1d 19h
    Source
  134. [5.5]
    Time running out for climate finance deal at COP29 as Canada calls for more support (globalnews.ca)
    1d 19h

    ScoresSource
  135. [4.9]
    Baku climate talks extend as developing nations reject funding proposal (thehindu.com)
    1d 19h
    Source
  136. [5.7]
    Draft climate funding deal at UN summit reveals divide between rich and poor nations (triblive.com)
    1d 21h

    ScoresSource
  137. [4.9]
    UN climate talks in Azerbaijan extend as nations debate funding and fossil fuel policies (theguardian.com)
    1d 21h
    Source
  138. [5.4]
    UN climate summit proposes $250 billion deal for developing nations by 2035 (gazette.com)
    1d 22h

    ScoresSource
  139. [5.7]
    Developing nations criticize $250 billion climate finance offer at Cop29 summit (theguardian.com)
    1d 22h

    ScoresSource
  140. [5.8]
    COP29 draft agreement proposes $250 billion climate finance goal, disappointing developing nations (dw.com)
    1d 23h

    ScoresSource
  141. [4.9]
    Azerbaijan sets $250 billion annual climate finance target at COP29 (euronews.com)
    1d 23h
    Source