Wealthy nations have agreed to a $300 billion annual climate finance goal by 2035, significantly less than the amount needed by developing countries. The agreement, reached at a summit in Baku, Azerbaijan, is seen as insufficient to help countries like the Philippines cope with the devastating impacts of climate change.
This is AI generated summarization, which may have errors. For context, always refer to the full article.in Baku, Azerbaijan, to agree on a new climate finance goal which would help developing countries like the Philippines cope with climate change.
The final deal was that wealthy nations must pay $300 billion a year by 2035 — about a trillion less than what is needed by the developing world. “The Philippines recently faced six consecutive storms, resulting in the tragic loss of over 170 lives,” said Avril de Torres of think tank Center for Energy, Ecology, and Development. “If this is not proof that money is needed now, then what more must we endure?”published in April found that top officials with private interests have hampered efforts to implement systems that would track commercial fishing in the country.
Activists have stepped up to help protect the environment, but the world is not safe for them. According to a report from Global Witness, 196 environmental defenders were killed across the globe in 2023 alone.
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