Rich nations under pressure over climate finance at COP29 talks

FRANCE 24

20 November 2024 at 7:37 am·1-min read

Developing nations say rich historic polluters have a duty to help them face the challenges caused by the climate crisis.

Pressure mounted on wealthy nations Wednesday to put a figure on the table as time runs out at COP29 to strike a deal on climate assistance for poorer countries.

At the UN COP29 climate summit in Azerbaijan, rich nations have still not revealed how much they are ready to provide the developing world to fight climate change. UN agencies have said that developing nations, not counting China, will need $1 trillion a year by the end of the decade to meet the challenges caused by the climate crisis.

"We need a figure," said Adonia Ayebare, chair of the G77+China group of developing nations.

"Then the rest will follow. But we need a headline," the Ugandan negotiator told reporters.

Developing nations, from islands imperilled by rising seas to drought-afflicted states, contribute the least to global warming but have called for $1.3 trillion annually to prepare for its impacts.

They say rich historic polluters have a duty to help, and are clamouring for an existing commitment of $100 billion a year to be increased many times over at COP29.

(FRANCE 24 with AFP and Reuters)

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