Brief by Shorts91 Newsdesk / 05:33am on 24 Nov 2024,Sunday International
The UN COP29 summit in Azerbaijan concluded with a historic $300bn pledge from wealthier nations to support developing countries in tackling climate change. The agreement, reached after 33-hour-long negotiations, aims to aid vulnerable nations in transitioning to renewable energy and preparing for climate impacts. Despite applause, frustrations persisted, with India's Leela Nandan calling the sum inadequate and fossil fuel transition measures postponed. The deal includes plans to triple adaptation funds and outlines a $1.3tn requirement by 2035. Critics highlight compromises on fossil fuel reduction and the controversial choice of Azerbaijan as host. Brazil will host COP30 in 2025.
