,,CexPVl5kGAI,UCHpw8xwDNhU9gdohEcJu4aA, Politics,Society, channel_UCHpw8xwDNhU9gdohEcJu4aA, video_CexPVl5kGAI,The climate finance deal agreed at Cop29 global summit is a “travesty of justice” that should not have been adopted, some countries’ negotiators have said.
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The climate conference came to a dramatic close early on Sunday morning when negotiators struck an agreement to triple the flow of climate finance to poorer countries.
Developing nations had called on rich countries to provide them with $1.3tn (£1.08tn) a year to help them decarbonise their economies and cope with the effects of the climate crisis. But the final deal sets a pledge of just $300bn annually, with $1.3tn only a target.
The number is an increase from a previous $100bn promise, but Chandni Raina, a negotiator for India, said it was “abysmally poor” compared with what was needed.
Watch the video to hear from Damian Carrington, our environment editor, on whether the finance deals are enough.
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