UN climate summit faces crisis as vulnerable nations walk out of finance talks
The UN COP29 climate summit faced a crisis as negotiators from 80 small island and vulnerable nations walked out of finance talks. They protested against a new $300 billion climate finance proposal, which they deemed insufficient. Germany accused Saudi Arabia and Russia of trying to block progress on reducing fossil fuel use. The German foreign minister criticized these nations for undermining the negotiations, which are crucial for vulnerable countries. Despite the walkout, the small island states group expressed a willingness to resume talks if the process becomes more inclusive. Meanwhile, protests at the summit called for better financial commitments, with demands reaching $500 billion.