At the recent COP29 annual climate conference, developing nations expressed their disappointment with the $300 billion deal that was reached by delegates from around the world. Despite the significant financial commitment, representatives from developing countries argued that the sum was simply not enough to address the urgent climate crisis facing their nations.
For years, developing nations have been calling for more concrete financial assistance from wealthier countries to help them mitigate and adapt to the effects of climate change. The $300 billion deal falls short of what these countries believe is necessary to make a meaningful impact on reducing greenhouse gas emissions and building resilience to climate-related disasters.
The frustration of developing nations is palpable, as many of them are already experiencing the devastating effects of climate change, including rising sea levels, extreme weather events, and food and water insecurity. The inadequate financial support from wealthier countries only exacerbates their struggles and deepens the inequality between nations in addressing the climate crisis.
As the conference continues, developing nations are pushing for more ambitious commitments from wealthier countries to increase financial aid and support for climate action. They emphasize the need for a more equitable distribution of resources and a greater sense of urgency in addressing the climate crisis, which disproportionately impacts the most vulnerable populations in developing countries.
While the $300 billion deal is a step in the right direction, it is clear that much more needs to be done to effectively combat climate change and support those who are most affected by its consequences. Developing nations are calling on the international community to step up their efforts and provide the necessary resources to address this global challenge before it is too late.
Watch the video by Global News
Video “COP29: Developing nations say $300B deal “not enough”” was uploaded on 11/25/2024 to Youtube Channel Global News