Archive for November 24th, 2024

24/11/2024

Can Pay, Won’t Pay—COP29 Outcome Far from Promised Historic Deal of a Lifetime

Human Wrongs Watch

BAKU, Nov 24 2024 (IPS)* They say it is taboo to talk about money. But this is exactly what developing countries came for: to haggle and push for the climate finance deal of a lifetime, as the climate crisis is, for them, a matter of life and death.
 
A delegate reacts during the final negotiations that led to a much-criticized climate finance deal. Credit: UN Climate Change/Kiara

A delegate reacts during the final negotiations that led to a much-criticized climate finance deal. Credit: UN Climate Change/Kiara Worth

Wealthy nations also came for their own deal of a lifetime—to hoist the climate finance burden on the private sector as they take the bare minimum financial responsibility.

A finance COP was always going to be difficult as, although they can pay, they simply will not pay.

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