Civil society at COP29: Proposed $250B finance goal an ‘insult’ to poor nations

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Civil society at COP29: Proposed $250B finance goal an ‘insult’ to poor nations
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‘This climate finance is what is owed us, and we want our developing country governments to remember that,’ says Filipino climate activist Lidy Nacpil

This is AI generated summarization, which may have errors. For context, always refer to the full article.

The revised text said rich countries should pay $250 billion a year until 2035 to help developing countries deal with climate change and move away from fossil fuels. “The $250 billion a year is a cruel condemnation to death for the world’s vulnerable peoples,” said Gerry Arances of Philippine think tank Center for Energy, Ecology, and Development, on Friday at a press conference in Baku.

But why are the members of civil society in Baku more focused on the $250 billion figure than the bigger $1.3 trillion fund that the text seemed to promise?

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