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The $300bn climate finance pact is likely to be followed by equally bitter battles
The Guardian
|November 25, 2024
Money will be 'mobilised' rather than provided - a nice distinction that allows for the inclusion of private co-investing
It was only on the last scheduled day of two weeks of negotiations at the UN Cop29 climate summit that developed countries put a financial commitment on the table for the first time.
In reality, this offer took not just two weeks of talks to prepare, but nine years - since article 9 of the Paris agreement in 2015 made it clear that the rich industrialised world would be obliged to supply cash to developing countries to help them tackle the climate crisis.
When it finally arrived on Friday, the initial offer of $250bn (£200bn) a year by 2035 was widely derided as too low. Early the following morning, the countries raised the figure to $300bn, which ended up being accepted, albeit amid acrimony and cries of "betrayal".
このストーリーは、The Guardian の November 25, 2024 版からのものです。
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