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Rich nations offer $250 billion on climate action, developing nations say it's not enough

Rich nations offer $250 billion on climate action, developing nations say it's not enough

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Rich nations have proposed providing $250 billion annually by 2035 to help vulnerable nations deal with the effects of climate change. This proposal is lower than the $1.3 trillion annually requested by vulnerable nations. The offer has been rejected by poorer countries, who consider it too low. The disagreement between richer and poorer nations has led to a delay in negotiations, potentially causing the talks to overrun into the weekend. The $250 billion proposal is less than a quarter of the amount requested by developing nations.

Alliance of Small Island States
1. We cannot be expected to agree to a text which shows such contempt for our vulnerable people.
Albert Rösti
Council on Energy, Environment and Water
1. I think a deal with a high number that will never be realistic, that will never be paid… will be much worse than no deal.
Jennifer Morgan
German Foreign Ministry
1. This is not a landing ground yet, but at least we're not up in the air without a map.
2. We think this is at least a text we can work with. Now we have a map on the way forward instead of nowhere where we don't know where we are going.
Annalena Baerbock
Social Democratic Party
1. What we are seeing here is the last stand by the fossil fuel world.
2. Climate finance and CO2 reduction are closely linked. Money … alone won't save the world. We have to do everything to come towards the 1.5C pathway.
Zinta Zommers
United Nations
1. We are eager to make sure that EU Countries and others fulfill their responsibilities to deliver climate finance, but [are] also very aware that we'll need a global effort to mobilize those resources, and it can't be done by traditional donors alone.
Tina Stege
1. It is incomprehensible that year after year we bring our stories of climate impacts to these meetings and receive only sympathy and no real action from wealthy nations.
Juan Carlos Monterrey Gomez
1. It feels that the developed world wants the planet to burn.
Sena Alouka
1. We are not begging for charity or for solidarity. It's in the very first article of the UN Framework Convention on Climate Change, that developed countries should support developing countries or countries that are affected by the climate crisis with financing, technology and other means.

Rich nations offer $250 billion on climate action, developing nations say it's not enough

COP29

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