In this content, Madeleine Finlay discusses the controversial climate finance deal that concluded the Cop29 negotiations in Baku, Azerbaijan with the Guardian’s environment editor, Damian Carrington. Developing countries requested $1.3tn annually from wealthy nations to aid in decarbonizing their economies and addressing the impacts of the climate crisis. However, the final agreement only committed to $300bn per year, with $1.3tn as a target. Damian shares insights on the negotiation process and provides a glimpse into what to anticipate at next year’s conference in Brazil.
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Madeleine Finlay hears from the Guardian’s environment editor, Damian Carrington, about the controversial climate finance deal that brought Cop29 negotiations to a close in the early hours on Sunday morning in Baku, Azerbaijan. Developing countries asked rich countries to provide them with $1.3tn a year to help them decarbonise their economies and cope with the effects of the climate crisis. But the final deal set a pledge of just $300bn annually, with $1.3tn only a target. Damian tells Madeleine how negotiations unfolded, and what we can expect from next year’s conference in Brazil
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