The Azerbaijani presidency of the COP29 states in a new text presented this Friday that Rich countries contribute $250 billion annually by 2035 to fund climate transition and adaptation in the developing world.
The figure, which had not been known before, is part of a larger objective of mobilizing a total sum of 1.3 billion annually for that date, as requested by developing countries and emerging economies.
The countries must continue negotiating on this text and in In the next few hours we expect to know the final agreement of COP29.
Regarding this, the organization Ecologists in Action considers the financial objective proposed by the COP29. In fact, although from their point of view the 3 billion dollarsif finally the amount is limited to 1.3 billion, all that funding should be public and not just the initial 250,000 million, as is currently being considered.
Jasper Inventorhead of the Greenpeace Delegation at COP29, points out that “the countries of the global north have to understand the Despair and urgent need for help“. Furthermore, he adds: “Solid public financing will provide hopebut the needs are much higher than this offer presented”
Many join their testimonies. other experts worldwide who also believe that this proposal is insufficient from a monetary point of view.
It is the case of Linda Kalcherexecutive director of Strategic Perspectives, a body created to promote effective actions for the environment and that maintains that “the 250,000 million are read as a provocation” and that he believes that “developing countries might be upset with the publication of such a low number, especially when sMeasures have been taken to expand the taxpayer base“.
It also matches Sandra Guzman Lunafounder of the Group of Climate Financing of Latin America and the Caribbean, which states: “That amount is not acceptable, and if it does not change, that is not progress.”
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