After days of fierce wrangling over a decision, it finally came in the early hours of Sunday morning. NGOs expressed their deep disappointment in initial statements. 

The UN Climate Conference in Azerbaijan agreed in the early hours of Sunday morning on a new framework for the international financing of climate protection and adaptation to the consequences of climate change. Under the agreement, the annual contribution — primarily from industrialised nations — is to be raised to at least 300 billion dollars by 2035. This falls well short of the demands made by developing countries, but represents a tripling of the current commitment of 100 billion dollars per year.

The decision had previously been the subject of fierce wrangling at COP29 in Baku, with the closing plenary interrupted on several occasions. Representatives of particularly vulnerable countries, such as small island states, temporarily walked out of the negotiations in protest. Industrialised nations pushed for the inclusion of economically powerful emerging economies such as China, which was only achieved to a very limited extent. Developing countries — a category that formally includes China — were "encouraged" to also make contributions "on a voluntary basis".

Reaffirmation missing… Read the full article at kurier.at