Developing nations have criticized the UN’s $300 billion climate deal, claiming it falls short of what is needed.
Representatives from developing nations have voiced their dissatisfaction with the UN climate agreement, which designates $300 billion each year to fight climate change.
The agreement, which aims to support poorer countries in tackling climate change, was reached after lengthy talks in a city known for its historical ties to the oil industry.
COP29 President Mukhtar Babayev ratified the deal before any nation had a chance to voice their opinion.
When delegates were finally allowed to speak, they criticized the deal as inadequate.
“It’s a paltry sum,” remarked India’s negotiator Chandni Raina. “I’m sorry to say we cannot accept it.”
She also condemned the amount as “abysmally poor” and accused developed nations of imposing adaptation measures on developing countries without considering their need for economic growth.
Many nations echoed India’s concerns, with the Nigeria’s CEO of the National Council on Climate Change, Nkiruka Maduekwe, describing the deal as both an insult and a mockery.
Maduekwe argued that the deal was impractical and emphasized that developed countries should take on more responsibility for their historical and ongoing contributions to climate change.
“It is not something we should take lightly. I do not think is something we should clap our hands,” she added.
