Nations slam weak climate finance plan as global talks end

Attendees walk past the COP29 logo during the United Nations Climate Change Conference (COP29) in Baku, Azerbaijan, on November 21, 2024. [AFP]

The closing hours of COP29 in Azerbaijan were fraught with tension and anticipation, after the tabling of a new climate finance plan, which proposed an annual target of Sh32.3 trillion (US$250 billion) by 2035 for developing countries, a figure that sparked immediate backlash.

Delegations from developing countries argued that the proposed amount is both insufficient and misaligned with the urgent needs of vulnerable nations grappling with the climate crisis.