Baku, Azerbaijan — Fierce bargaining at UN climate talks in Azerbaijan dragged into Saturday after a $250 billion a year offer from rich nations was
flatly refused by developing countries hardest hit by Earth’s rapid warming.
The offer was roundly spurned by countries that need enormous sums to shift their economies to clean energy and build resilience to climate shocks on their doorstep. Ali Mohamed, chair of the African Group of Negotiators, another influential bloc, called it “totally unacceptable and inadequate.” President-elect Donald Trump takes office in two months and is expected to again pull the world’s largest economy out of climate diplomacy.
But Avinash Persaud, special advisor on climate change to the president of the Inter-American Development Bank, said that the offer showed the talks were “within sight of a landing zone” for the first time. Separately, there was a push for stronger language in the deal to reaffirm a global pledge on moving away from coal, oil, and gas — the main drivers of global warming.
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